HNI Corporation Extends Exchange Offer and Consent Solicitation

HNI Corporation announced the extension of the expiration date for its Exchange Offer and Consent Solicitation related to the acquisition of Steelcase, Inc. The Exchange Offer involves the exchange of Steelcase's 5.125% Notes due 2029 for new notes issued by HNI, with a principal amount of up to $450,000,000. The Consent Solicitation seeks to eliminate certain covenants and restrictive provisions from the Steelcase indenture. The expiration date has been extended from October 27, 2025, to December 5, 2025. The Exchange Offer and Consent Solicitation are contingent upon the completion of the acquisition of Steelcase. A supplemental indenture was executed on October 9, 2025, to effect the proposed amendments, which will become operative upon the settlement date of the Exchange Offer and Consent Solicitation. The settlement is expected to occur within five business days after the new expiration date.