{"url_path":"/sec/hni/8-k/2026-06-10/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-10","source_url":"https://www.sec.gov/Archives/edgar/data/48287/0000950103-26-008782-index.html","accession_number":"0000950103-26-008782","cik":"0000048287","ticker":"HNI","issuer_name":"HNI CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/48287/0000950103-26-008782-index.html","primary_entity_key":"0000048287","primary_entity_name":"HNI CORP"},"word_count":310,"has_tables":true,"body_markdown":"**Item 1.01 Entry into a Material Definitive Agreement.**\n\n \n\n**Credit Agreement Refinancing**\n\n \n\nOn June 10, 2026, HNI Corporation, an Iowa corporation\n(“HNI”) entered into Amendment No. 3 to Credit Agreement (“Amendment No. 3”) by and among HNI, the other Credit\nParties party thereto, the 2026 Refinancing Term Lenders (as defined therein), and Wells Fargo Bank, National Association, as Administrative\nAgent (in such capacity, the “Administrative Agent”), which amends that certain Credit Agreement, dated as of September 5,\n2025, by and among the HNI, certain Subsidiaries of HNI from time to time party thereto, the lenders party thereto and the Administrative\nAgent (as amended, restated, supplemented or otherwise modified from time to time, including by Amendment No. 1 to Credit Agreement, dated\nas of November 5, 2025, and Amendment No. 2 to Credit Agreement, dated as of December 10, 2025, the “Credit Agreement”; the\nCredit Agreement as amended by Amendment No. 3, the “Amended Credit Agreement”). Capitalized terms used but not otherwise\ndefined herein shall have the respective meanings given to them in the Amended Credit Agreement.\n\n \n\nAmendment No. 3 provides for a new $498.75 million\ntranche of term loans maturing in 2032 (the “Replacement Term Loans”), the proceeds of which were used to refinance all outstanding\nInitial Tranche B Term Loans. The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall\nbe payable on or about September 30, 2026. Pursuant to Amendment No. 3, the Applicable Percentage is (i) 1.75% for the Replacement Term\nLoans that are SOFR Loans and (ii) 0.75% for the Replacement Term Loans that are Alternate Base Rate Loans.\n\n \n\nThe foregoing description of Amendment No. 3 is\nqualified in its entirety by reference to the full text of Amendment No. 3, which is filed as Exhibit 10.1 to this Current Report on Form\n8-K and is incorporated herein by reference."}