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AI brief of an SEC Form 8-K · MillerKnoll (MLKN)

MillerKnoll refinances $550 million term loan B and extends maturity under Amendment No. 4

Neutral Impact 3 of 5 financing Written later

On August 7, 2025, MillerKnoll amended its credit agreement to refinance and extend its existing $625.0 million term loan B facility with a new $550.0 million term loan B facility, and replaced the resigning agent with Wells Fargo as successor agent. The refinanced loan matures seven years after the closing date and carries an initial margin of 2.25% for RFR loans, and the total senior facilities stand at $1,675.0 million after closing.

Key points

  • Refinanced term loan B: $550.0 million, proceeds used to repay the existing term loan B and pay fees and expenses
  • Maturity: seven years from the August 7, 2025 closing date; quarterly amortization of 0.25% starts with the quarter ending December 31, 2025
  • Initial margin: 2.25% for RFR loans and 1.25% for ABR loans; a 1.00% prepayment premium applies to certain repricing events in the first six months
  • Total senior facilities after closing: $1,675.0 million; Wells Fargo Bank replaces Goldman Sachs Bank USA as successor agent

The filing

CompanyMillerKnoll (MLKN)
Form8-K, current report
Filed with the SECAug 11, 2025, 4:06 PM ET
Accession number0000066382-25-000081

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.