MillerKnoll enters $90.0 million three-year receivables securitization facility
MillerKnoll and certain subsidiaries entered into a three-year accounts receivable securitization facility of up to $90.0 million, with a scheduled termination date of September 8, 2028. Proceeds will be used for general working capital, and the company agreed to guarantee the performance of the originators and servicer, though not the collectibility of receivables.
Key points
- Facility of up to $90.0 million, dated September 10, 2025, with Wells Fargo Bank, National Association as administrative agent
- Borrowings bear interest at Daily One Month Term SOFR plus a 1.075% margin
- MillerKnoll guarantees performance of originators and servicer obligations but not receivable collectibility or obligor creditworthiness
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 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 September 12, 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.