The Dixie Group Completes Public Offering Of Common Stock

Tuesday, May 20, 2014

The Dixie Group, Inc. reported Tuesday it has completed the previously announced public offering of 2,500,000 shares of its common stock.  

Net proceeds from the offering will be used for general corporate purposes, and to reduce the balance under the company’s revolving credit facility, including borrowings associated with the recent acquisition of Atlas Carpet Mills.  

With closing of this transaction the company reports it now has secured the funds to pay off the Tranche B loan of $5.6 million, due June 30. Net of the Tranche B funding, availability under the company’s revolving credit facility, is in excess of $40 million.

The Dixie Group is a marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets, Dixie Home, Masland Contract, Atlas Carpet Mills and Avant brands.

Laura Ketcham Joins Miller & Martin

The Chattanooga office of Miller & Martin PLLC welcomed its newest member, Ms. Laura F. Ketcham. Ms. Ketcham is a member of the firm's Commercial Department, focusing her practice in the areas of bankruptcy and creditors' rights, commercial finance and providing general business counsel. She has represented various stakeholders in commercial bankruptcy cases across the ... (click for more)

Chattanooga Chamber Presents Business Calendar For Oct. 12-16

MONDAY, OCTOBER 12   ... (click for more)

Attorney Patrick Says Chattanooga Is "Most Logical Place" For Consolidating Volkswagen Lawsuits; Hearing Set Dec. 3

Attorney Gary Patrick said Chattanooga is "the most logical place for consolidating the Volkswagen litigation because it is the only location in the country where VW vehicles are being produced." Attorney Patrick, of the local firm of Patrick, Beard, Schulman and Jacoway, said a hearing is set Dec. 3 in New Orleans on the issue. A host of lawsuits seeking class action status ... (click for more)

Woman Stabbed To Death On Hooker Road; Man Injured; Suspect Being Interviewed

A young woman was stabbed to death on Hooker Road early Friday morning and a man was injured. At approximately 1:54 a.m., Chattanooga Police responded to a stabbing at the 4000 block of Hooker Road. There police located Angel Evans, 33, deceased. She was stabbed multiple times. A second person, Gerald Nelson, 24, was transported to a local hospital with non-life-threatening ... (click for more)

The Facts About Jail

Since Roy had such a positive reaction to Jeffrey Cross's wonderful (and wonderfully civil--how refreshing) email response to his column on the bike lanes, allow me to speak on the subject of the jail.  First off, Roy's right about some things:  It is overcrowded, underfunded, and understaffed.  This is no secret, it's in the Grand Jury report every term.  Here's ... (click for more)

Roy Exum: We Must Learn To Tell

On July 4th of this year, FBI agents – acting on a tip -- arrested Alexander Ciccolo, a 23-year-old with known mental problems, as he carried a duffle bag full of automatic attack weapons. Moments before, he had bought the illegal firearms from an undercover informant outside of Boston. As agents later scoured his apartment, they found bomb-making equipment including a pressure ... (click for more)