Knoll, Inc. (NYSE: KNL) announced plans to report its second-quarter financial results on July 23, 2020, after market close. A Q&A conference call will follow at 5:30 p.m. ET on the same day to address questions. Investors can access the live call via provided phone numbers. A replay will be available until July 30, 2020. Knoll is recognized for its design-driven brands including furniture and textiles, and is committed to sustainable design practices, aligning with the U.S. Green Building Council for LEED certification.
Knoll, Inc. (NYSE: KNL) has announced a $164 million investment from an independently managed subsidiary of Investindustrial VII L.P. This investment will take the form of convertible preferred stock, convertible into common shares at a premium price of $16.75. This transaction aims to fortify Knoll's balance sheet and reduce outstanding borrowings. The preferred stock carries a 4.50% dividend, payable in cash or in-kind initially. The deal is subject to customary closing conditions, including anti-trust reviews.
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