Hni corporation announces extension of exchange offer

Muscatine, iowa, oct. 27, 2025 (globe newswire) -- hni corporation (nyse: hni; “hni” or “the corporation”) announced a definitive agreement to acquire steelcase, inc. (nyse: scs; “steelcase”) in a cash and stock transaction (the “acquisition”). in connection with the acquisition, hni previously announced the commencement of an offer to exchange any and all outstanding 5.125% notes due 2029 (the “existing steelcase notes”), as issued by steelcase, for up to $450,000,000 aggregate principal amount of new notes to be issued by hni (the “new hni notes”).
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