Knoll intends to reduce borrowings under credit facility

By Taylor Fox

Chicago, July 21 – Knoll, Inc. expects to use proceeds from the closing of its $164 million convertible preferred stock for general corporate purposes, including to reduce outstanding borrowings under its credit facility, according to a news release.

Based in East Greenville, Pa., Knoll makes home and workplace furnishings, accessories, textiles and leathers.

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