Financing ·
HNI Corporation entered into Amendment No. 3 to its Credit Agreement on June 10, 2026, with Wells Fargo Bank, National…
HNIHni Corp
HNI Corporation entered into Amendment No. 3 to its Credit Agreement on June 10, 2026, with Wells Fargo Bank, National Association acting as Administrative Agent. The amendment establishes a new $498.75 million tranche of term loans maturing in 2032, known as Replacement Term Loans, to refinance all outstanding Initial Tranche B Term Loans. These loans carry a 1.00% annual amortization rate, with the first installment due around September 30, 2026. The Applicable Percentage is set at 1.75% for SOFR Loans and 0.75% for Alternate Base Rate Loans. HNI Corporation is a manufacturer of man-made products including metal forming and office furniture equipment.