---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-26-008782"
form_type: "8-K"
ticker: "HNI"
cik: "0000048287"
company_name: "HNI CORP"
filed_at: "2026-06-10T20:51:34+00:00"
generated_at: "2026-06-10T20:53:25.917362+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HNI refinances $498.75M term loans with new 2032 tranche under amended credit agreement

## Summary
- New $498.75M Replacement Term Loans mature in 2032; proceeds refinance all outstanding Initial Tranche B Term Loans.
- Amortization rate of 1.00% per annum, first installment due September 30, 2026.
- Interest rate spread: 1.75% for SOFR Loans, 0.75% for Alternate Base Rate Loans.
- Amendment No. 3 executed June 10, 2026; Wells Fargo acts as additional term lender.

## SEC filing metadata
- accession: 0000950103-26-008782
- form_type: 8-K
- ticker: HNI
- cik: 0000048287
- company_name: HNI CORP
- filed_at: 2026-06-10T20:51:34+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48287/000095010326008782/0000950103-26-008782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000095010326008782/dp248223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-008782
- JSON: https://secwatch.observer/filing/0000950103-26-008782.json
- Plain text: https://secwatch.observer/filing/0000950103-26-008782.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000095010326008782/0000950103-26-008782-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000095010326008782/0000950103-26-008782-index.htm

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