published Tuesday, May 20th, 2014

Dixie Group completes stock sale

  • photo
    Developing Story

The Dixie Group, Inc. today reported it has completed the previously announced public offering of 2.5 million shares of common stock yielding more than $26 million to help pay for its recent $17.5 million purchase of Atlas Carpets.

Dixie said net proceeds from the offering will be used for general corporate purposes, and to reduce the balance under the company's revolving credit facility.

Dixie Group is a Chattanooga-based maker of specialty carpets.

about Staff Report...

Get breaking news from the Times Free Press on Twitter at or by visiting us on Facebook or Twitter at the right:

Other National Articles

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.