Knoll extends credit agreement to 2024, improves pricing

By Wendy Van Sickle

Columbus, Ohio, Aug. 26 – Knoll, Inc. entered into a first amendment to its existing credit facility dated Jan. 23, 2018 with Bank of America, NA as administrative agent to extend the maturity to August 2024 from January 2023, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also reduces the applicable rate applied to outstanding borrowings.

The applicable rate above Libor now ranges from 100 basis points to 200 bps, depending on leverage ratio.

Knoll is based in East Greenville, Pa., and makes furnishings and accessories, textiles and leathers for the workplace and homes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.