secwatch.observer — SEC 8-K summary
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Issuer:     MILLERKNOLL, INC. (MLKN)
CIK:        0000066382
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0000066382-25-000097
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MillerKnoll enters $90M accounts receivable securitization facility due 2028
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- Three-year facility up to $90M, used for general working capital.
- Interest rate: Daily One Month Term SOFR + 1.075%.
- Matures September 8, 2028; secured by receivables sold to bankruptcy-remote SPE.
- Wells Fargo is administrative agent and lender; company guarantees performance obligations.
- Originators sell/contribute receivables to SPE; company does not guarantee collectibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000097/0000066382-25-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66382/000006638225000097/mlkn-20250910.htm
  HTML page:      https://secwatch.observer/filing/0000066382-25-000097

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