debt
confidence high
sentiment neutral
materiality 0.40
HNI amends credit agreement; adds $105M springing maturity threshold, appoints Bank of America as issuer
HNI CORP
- Amendment No. 1 to Credit Agreement sets a $105,000,000 threshold for springing maturity dates on revolving, Term Loan A, and Term Loan B facilities.
- Bank of America, N.A. appointed as an additional Issuing Lender and a Revolving Lender, Initial Tranche A Term Lender.
- Amendment approved by all existing lenders; no new borrowing or change to total commitments disclosed.
- Credit Agreement dated September 5, 2025 remains in effect as modified; no changes to interest rates or financial covenants evident.
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