---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-011326"
form_type: "8-K"
ticker: "HNI"
cik: "0000048287"
company_name: "HNI CORP"
filed_at: "2025-09-05T23:59:59+00:00"
generated_at: "2026-05-17T08:09:36.567013+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HNI signs $1.725B credit facility to fund Steelcase acquisition

## Summary
- Credit facility includes $425M revolver, $500M term loan A, and up to $800M term loan B.
- Proceeds to finance a portion of the Steelcase merger consideration, refinance existing debt, and pay fees.
- Revolver and TLA mature 5 years post-closing; TLB matures 7 years post-closing with quarterly amortization.
- Interest on TLA/revolver priced at SOFR + 1.25%-1.875% or base rate + 0.25%-0.875%.
- TLA requires quarterly amortization starting at 2.5% p.a. in year one, increasing to 10% in year five.

## SEC filing metadata
- accession: 0000950103-25-011326
- form_type: 8-K
- ticker: HNI
- cik: 0000048287
- company_name: HNI CORP
- filed_at: 2025-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48287/000095010325011326/0000950103-25-011326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000095010325011326/dp233731_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-011326
- JSON: https://secwatch.observer/filing/0000950103-25-011326.json
- Plain text: https://secwatch.observer/filing/0000950103-25-011326.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.