Knoll amends loan, getting $38 million term loan add-on, $12 million revolver add-on

By Sara Rosenberg

New York, Aug. 3 - Knoll Inc. amended its credit facility, increasing its term loan by $38 million and increasing its revolver by $12 million, according to an 8-K filed with the Securities and Exchange Commission Thursday.

In addition, the term loan has an additional $62 million accordion feature.

Proceeds from the term loan add-on were used to repay revolver borrowings.

The amendment was completed on Aug. 1.

Bank of America is administrative agent on the deal.

Knoll is an East Greenville, Pa.-based designer and manufacturer of branded office furniture products and textiles.

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