secwatch.observer — SEC 8-K summary
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Issuer:     MILLERKNOLL, INC. (MLKN)
CIK:        0000066382
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0000066382-25-000081
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MillerKnoll refinances $625M Term Loan B with $550M facility; extends maturity 7 years
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- Refinanced Term Loan B facility of $550M closed Aug 7, 2025, reducing total Senior Facilities from $1.75B to $1.675B.
- New term loan bears interest at SOFR + 2.25% (RFR loans) or base rate + 1.25%, with margin adjusting based on leverage ratio.
- Matures on seven-year anniversary of closing; quarterly amortization at 0.25% of initial principal starting Dec 31, 2025.
- Prepayment allowed without premium generally; 1.00% premium on repricing events within first six months.
- Proceeds used to repay existing Term Loan B and fees; Wells Fargo replaces Goldman Sachs as administrative agent and collateral agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000081/0000066382-25-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000081/mlkn-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000066382-25-000081

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