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Mohawk registers €300M floating rate notes

Mohawk Industries Inc. on May 23 filed a registration statement with the SEC in connection with the listing of €300 million of its subsidiary Mohawk Capital Finance SA's floating rate notes due 2020.

Mohawk Finance, which provides financing for the company through the issuance of debt securities, has fully and unconditionally guaranteed the notes on a senior unsecured basis.

The development comes about a week after the U.S. flooring products maker offered to sell the notes, which will only be issued in denominations of €100,000 and integral multiples of €100,000 in excess.