Knoll to launch $500 million credit facility in September

By Sara Rosenberg

New York, Aug. 20 - Knoll Inc. is expected to launch a $500 million senior secured credit facility (BB-) in September, according to a market source.

UBS Securities LLC and Goldman Sachs are the lead banks on the deal, with UBS listed on the left.

The facility consists of a $75 million revolving credit facility and a $425 million term loan, according to a second source.

Proceeds will be used to refinance existing debt and to fund a modest dividend to existing shareholders.

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

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