NasdaqGS:MLKNCommercial Services
MillerKnoll Term Loan Recast Raises Questions On Debt Risk And Flexibility
MillerKnoll (NasdaqGS:MLKN) has refinanced and replaced its existing term loan with a new long term facility.
The new financing arrangement introduces updated interest margins and more flexibility around prepayment.
The changes affect MillerKnoll's capital structure and could influence its financial flexibility going forward.
MillerKnoll's refinancing lands at a time when the stock trades at $21.65, with a 12.2% return over the past 30 days and an 18.6% return year to date. Over a longer...