Jenner & Block

Jenner & Block Represents Knoll in $750M Credit Facility, $300M Acquisition of Muuto Holdings

A firm team advised Knoll, Inc. in its $750 million multi-currency credit facility and its approximately $300 million acquisition under Danish law of Muuto Holdings ApS and its subsidiaries. The credit facility closed on January 23, 2018, with borrowers in the United States, England and Denmark and borrowings available in US dollars, euro and sterling. The credit facility provides a mechanism to have additional foreign borrowers and other currencies in the future, as well as an ability to upsize the loan to more than $1.0 billion. The credit facility was used in part to refinance Knoll’s existing debt, pay a portion of the acquisition and for general working capital purposes. The acquisition closed on January 25, 2018.

The firm team included Partners David M. Lynn, Olga A. Loy, Matthew J. Renaud and Lee K. Van Voorhis, Special Counsel Anna Meresidis and Associates Ariel Cho, Sharon K. Moraes, Rafi W. Mottahedeh and Joshua A. Violanti.