<a href="https://laohu8.com/S/MLKN">MillerKnoll</a> Inc. Secures $90 Million Accounts Receivable Securitization Facility with <a href="https://laohu8.com/S/EOD">Wells Fargo</a> and Other Lenders
MillerKnoll Inc., a Michigan-based corporation, has entered into a new three-year accounts receivable securitization facility agreement, valued at up to $90 million, as of September 10, 2025. This facility, involving MillerKnoll Receivables, LLC, a wholly-owned subsidiary designed to be bankruptcy-remote, will be utilized for general working capital purposes. The agreement includes a Credit and Security Agreement and a Receivables Sale Agreement, featuring customary provisions, covenants, and events of default terms. Wells Fargo Bank, National Association, plays a significant role as the administrative agent and lender. The facility is scheduled to terminate on September 8, 2028, unless terminated earlier. This agreement reflects MillerKnoll's strategic financial planning and engagement with key financial institutions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MillerKnoll Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000066382-25-000097), on September 12, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.