secwatch / observer
8-K filed December 10, 2025, 6:59 PM ET ticker HNI CIK 0000048287
M&A confidence high sentiment positive materiality 0.95

HNI CORP (HNI): debt financing — HNI completes acquisition of Steelcase; combined revenue $5.8B

HNI CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

HNI CORP amended credit facility of reduction of existing term loan A facility from $500,000,000 to $350,000,000 with lenders under Existing Credit Agreement and Wells Fargo Bank, National Association as administrative agent at unchanged per Existing Credit Agreement (not specified further) maturing unchanged per Existing Credit Agreement (not specified further).

Instrument
credit facility
Principal
reduction of existing term loan A facility from $500,000,000 to $350,000,000
Counterparty
lenders under Existing Credit Agreement and Wells Fargo Bank, National Association as administrative agent
Rate
unchanged per Existing Credit Agreement (not specified further)
Maturity
unchanged per Existing Credit Agreement (not specified further)
Event
amendment
Exact text from the filing
document the reduction of the existing term loan A facility from an aggregate principal amount of $500,000,000 to $350,000,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HNI CORP entered into Amendment No. 2 to Credit Agreement with Wells Fargo Bank, National Association valued at Established a term loan B facility of $500,000,000 and reduced existing term loan A from $500,000,00 (effective 2025-12-10).

Action
entry
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
Established a term loan B facility of $500,000,000 and reduced existing term loan A from $500,000,00
Effective
2025-12-10
Exact text from the filing
On December 10, 2025, HNI entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”), which amends the Credit Agreement (dated as of September 5, 2025, and as amended by that certain Amendment No. 1, dated as of November 5, 2025, the “ Existing Credit Agreement ”, and the Existing Credit Agreement as amended by Amendment No. 2 , the “ Credit Agreement ”) among HNI, as borrower, certain domestic subsidiaries of HNI, as guarantors, certain lenders and Wells Fargo Bank, National Association, as administrative agent.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HNI CORP entered into New HNI Indenture (5.125% Senior Secured Notes due 2029) with U.S. Bank Trust Company, National Association valued at Issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029 (effective 2025-12-10).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
Issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029
Effective
2025-12-10
Exact text from the filing
Upon completion of the Exchange Offer, HNI issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029 (the “ New HNI Notes ”), issued pursuant to an indenture, dated as of December 10, 2025 (the “ New HNI Indenture ”), by and among HNI, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).
View on SEC.gov

73 debt financings filed in the last 30 days. Browse all debt financings →

HNI CORP filing history →

Source: SEC EDGAR
accession 0000950103-25-015967
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