MOHAWK INDUSTRIES, INC. (NYSE:MHK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Underwriting Agreement
On September 5, 2017, Mohawk Industries, Inc. (the “Company”) and Mohawk Capital Finance S.A. (“Mohawk Finance”), an indirect wholly-owned subsidiary of the Company that provides financing for the Company through the issuance of debt securities, entered into an underwriting agreement (the “Underwriting Agreement”) with MUFG Securities EMEA plc, to which Mohawk Finance agreed to sell €300,000,000 aggregate principal amount of its Floating Rate Notes due 2019 (the “Notes”) in a registered public offering. The Company has fully and unconditionally guaranteed the Notes on a senior unsecured basis.The offering of the Notes is being made to the Company’s and Mohawk Finance’s shelf registration statement on Form S-3, as amended by Post-Effective Amendment No.1 thereto (File Nos.333-219716 and 333-219716-02) filed with the Securities and Exchange Commission on September 1, 2017 and a preliminary prospectus supplement, dated September 4, 2017, and a prospectus supplement, dated September 5, 2017, related to the offering of the Notes, each as filed with the Securities and Exchange Commission.
The Underwriting Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions whereby the Company and Mohawk Finance, on the one hand, and the Underwriter, on the other hand, have agreed to indemnify each other against certain liabilities and will contribute to payments the other party may be required to make in respect thereof.
The closing of the sale of the Notes is expected to occur on September 11, 2017. The net proceeds from the offering will be used to repay commercial paper borrowings.
The foregoing summary of the Underwriting Agreement is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is attached hereto as Exhibit 10.1, respectively, and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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10.1 |
Underwriting Agreement, dated as of September 5, 2017, by and among, Mohawk Capital Finance S.A., Mohawk Industries, Inc. and MUFG Securities EMEA plc. |
MOHAWK INDUSTRIES INC ExhibitEX-10.1 2 ex1012017underwritingagree.htm EX-10.1 Exhibit Exhibit 10.1MOHAWK CAPITAL FINANCE S.A.,…To view the full exhibit click here
About MOHAWK INDUSTRIES, INC. (NYSE:MHK)
Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products. Its trademarks include American Olean, Bigelow, Lees, Quick-Step and Unilin. MOHAWK INDUSTRIES, INC. (NYSE:MHK) Recent Trading Information
MOHAWK INDUSTRIES, INC. (NYSE:MHK) closed its last trading session up +5.39 at 257.92 with 603,443 shares trading hands.