The Dixie Group Announces Public Offering Of Common Stock

Monday, May 12, 2014

The Dixie Group, Inc. announced Monday that it plans to make a public offering of 2,500,000 shares of its common stock. In connection with the offering, the company intends to grant the underwriters an option for 30 days to purchase up to an additional 375,000 shares of common stock to cover over-allotments, if any.

The company expects to use the net proceeds from this offering for general corporate purposes and to reduce the balance under its revolving credit facility, which includes borrowings associated with the recent acquisition of Atlas Carpet Mills.

Wells Fargo Securities and Raymond James are joint book-running managers for the offering. 

The offering will be made pursuant to the company’s existing effective registration statement, previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Copies of the prospectus may be obtained from Wells Fargo Securities, LLC, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, telephone: 800.326-5897, email: cmclientsupport@wellsfargo.com or Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, telephone: 800.248-8863, email: prospectus@raymondjames.com.


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