HNI Corporation amends credit pact; sets $105M threshold

HNI Corporation entered into Amendment No. 1 to its Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party to the agreement.

Rhea-AI Filing Summary

HNI Corporation entered into Amendment No. 1 to its Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party to the agreement. All lenders approved the amendment.

The amendment establishes a $105,000,000 threshold related to the customary springing maturity dates for the company’s revolving facility, term loan A facility, and term loan B facility. The company also reported this under the creation of a direct financial obligation. The full amendment is filed as Exhibit 10.1.

Insights

Credit Agreements Specialist

HNI amended its credit agreement to add a $105,000,000 threshold tied to springing maturity mechanics across its facilities.

HNI Corporation executed Amendment No. 1 on November 5, 2025, with all lenders consenting. The change introduces a $105,000,000 threshold related to the customary springing maturity dates for the revolving, term loan A, and term loan B facilities. Springing maturity means the facility’s maturity can shift earlier if specific conditions occur.

This amendment alters when these loans could become due based on that threshold. All-lender approval signals alignment between the borrower and lending syndicate on the revised maturity triggers. The filing does not detail other terms, covenants, or pricing changes.

Items to watch: the final language in Exhibit 10.1, how the $105,000,000 threshold interacts with any future maturity triggers, and any subsequent disclosures that clarify timing effects. The effective date is November 5, 2025, so any impacts would apply from that point forward.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HNI (HNI) announce in this filing?

HNI entered into Amendment No. 1 to its Credit Agreement with Wells Fargo as administrative agent, approved by all lenders.

What key change was made to HNI’s credit facilities?

The amendment sets a threshold of $105,000,000 for customary springing maturity dates tied to the revolving, term loan A, and term loan B facilities.

Which facilities are affected by the amendment for HNI?

The revolving facility, the term loan A facility, and the term loan B facility.

Who is the administrative agent for HNI’s Amended Credit Agreement?

Wells Fargo Bank, National Association.

Where can investors find the full amendment for HNI?

It is filed as Exhibit 10.1 to the report.

Was lender approval obtained for HNI’s amendment?

Yes. The amendment was approved by all lenders party to the Existing Credit Agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/05/2025 - 09:22 AM EST Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

____________________________

FORM 8-K 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 5, 2025

HNI Corporation

(Exact Name of Registrant as Specified in its Charter)

Iowa	001-14225	42-0617510
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

600 East Second Street

P. O. Box 1109

Muscatine, Iowa 52761-0071 

(Address of principal executive offices)

(Zip Code)

(563) 272-7400

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	HNI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01    Entry into a Material Definitive Agreement.

Amendment No. 1 to Credit Agreement

On November 5, 2025 (the “Amendment Date”), HNI Corporation (the “Company”) entered into an amendment (the “Amendment”) to its Credit Agreement (the “Existing Credit Agreement” and, as amended by the Amendment, the “Amended Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”) and the lenders party thereto. The Amendment was approved by all of the lenders party to the Existing Credit Agreement.

The Amendment amends the Existing Credit Agreement to, among other things, include a threshold of $105,000,000 with respect to the customary springing maturity dates applicable to the revolving facility, term loan A facility and term loan B facility.  

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full and complete text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03          Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01          Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No.		Description
10.1		Amendment No. 1 to Credit Agreement, dated as of November 5, 2025, among HNI Corporation, as borrower, certain domestic subsidiaries of the Company, as guarantors, certain lenders and Wells Fargo Bank, National Association, as administrative agent.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HNI CORPORATION
Date:	November 5, 2025	By	/s/ Vincent Paul Berger II
			Vincent Paul Berger II Executive Vice President and Chief Financial Officer