Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HNI CORP incurred term loan of $498.75 million with Wells Fargo Bank, National Association at 1.75% for the Replacement Term Loans that are SOFR Loans and (ii) 0.75% for the maturing maturing in 2032.
- Instrument
- term loan
- Principal
- $498.75 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- 1.75% for the Replacement Term Loans that are SOFR Loans and (ii) 0.75% for the
- Maturity
- maturing in 2032
- Event
- incurrence
Exact text from the filing
Amendment No. 3 provides for a new $498.75 million tranche of term loans maturing in 2032 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Initial Tranche B Term Loans.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HNI CORP amended Amendment No. 3 to Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent valued at $498.75 million (effective 2026-06-10).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as Administrative Agent
- Value
- $498.75 million
- Effective
- 2026-06-10
Exact text from the filing
On June 10, 2026, HNI Corporation, an Iowa corporation (“HNI”) entered into Amendment No. 3 to Credit Agreement (“Amendment No. 3”) by and among HNI, the other Credit Parties party thereto, the 2026 Refinancing Term Lenders (as defined therein), and Wells Fargo Bank, National Association, as Administrative Agent
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