DALTON, Ga. /PRNewswire/ -- Collins & Aikman Floorcoverings, Inc. announced today that it has determined the price for its previously announced tender offer and consent solicitation for its outstanding 10% Senior Subordinated Notes due 2007 and Series B 10% Senior Subordinated Notes due 2007.

The total consideration for Notes validly tendered and accepted for payment will be $1,087.45 per $1,000 principal amount of Notes plus any accrued interest up to, but not including, the payment date. The total consideration includes a consent payment of $20.00 per $1,000 principal amount of Notes and will be paid in respect of Notes validly tendered and not withdrawn on or prior to 5:00 p.m. EST, on Thursday, Jan. 4, 2001.

The total consideration was derived using a 4.947% yield of the 6.25% U.S. Treasury Note due Jan. 31, 2002, on which pricing was based, plus a fixed spread of 75 basis points and assumes a payment date of Jan. 25, 2001. Holders of Notes that are validly tendered after the consent date but on or prior to the expiration of the tender offer, and not withdrawn prior to the expiration of the tender offer, will receive $1,067.45 per $1,000 principal amount of such Notes, which equals the total consideration less the $20 consent payment. The tender offer and consent solicitation will expire at 9:00 a.m. EST on Thursday, Jan. 25, 2001, unless extended.