secwatch.observer — SEC 8-K summary
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Issuer:     MILLERKNOLL, INC. (MLKN)
CIK:        0000066382
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0000066382-25-000047
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MillerKnoll refinances $1.75B credit facilities, extends maturities, adjusts leverage covenant
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- Entered Amendment No. 3 on April 17, 2025, refinancing existing $400M Term Loan A and $725M Revolving Credit Facility.
- Senior facilities remain at $1.75B aggregate; $625M Term Loan B unchanged; revolver had $385M drawn at closing.
- Pro rata facilities mature five years from closing (April 2030); amortization of Refinanced Term Loan A starts quarterly.
- Maximum first lien secured net leverage ratio set at 4.00:1.00, with temporary increase option up to 0.50.
- Interest margin initially 1.75% for SOFR loans under pro rata facilities; commitment fee 0.25% on unused revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000047/0000066382-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000047/mlkn-20250417.htm
  HTML page:      https://secwatch.observer/filing/0000066382-25-000047

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