January 28, 2013 at 11:57 AM EST
TEXT - Fitch rates Mohawk Industries proposed snr notes offering
Jan 28 - Fitch Ratings has assigned a 'BBB-' rating to Mohawk Industries, Inc.'s (NYSE: MHK) proposed offering of senior unsecured notes due 2023. The new issue will be equal in right of payment with all other senior unsecured debt. The company intends to use the proceeds of the notes issuance to partially fund the $1.5 billion acquisition of the Marazzi Group (Marazzi). The Rating Outlook is Stable. A complete list of ratings follows at the end of this release. SENSITIVITY/RATING DRI
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