Knoll Inc.

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Press Release $KNL Knoll Inc.

0 COMMENTs 20 May
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Knoll Completes Refinancing of Credit Facility


EAST GREENVILLE, PA May 20, 2014 - Knoll, Inc. (NYSE: KNL) announced that it has
completed the refinancing of its existing $450 million credit facility with a
new $500 million credit facility with Bank of America N.A., and other
participating lenders. The new credit facility consists of a revolving loan
commitment in the amount of $300 million and a term loan commitment in the
amount of $200 million.

The Company may use the new credit facility for general corporate purposes,
including strategic acquisitions, stock buybacks and cash dividends. The credit
facility also provides a mechanism for the company to increase the facility by
$200 million if certain terms and conditions are met. The credit facility
matures in five years.

Commenting on the closing, Craig B. Spray, CFO, said "This new credit facility
provides increased flexibility, and will reduce our borrowing cost by 25 bpts.
In addition, it demonstrates the continued support and confidence of our bank
group."

Transaction fees for this new credit facility will be approximately $2 million
and the company will write-off, in the second quarter of 2014, approximately
$400,000 of costs associated with the prior facility.

About Knoll

Knoll is recognized internationally for workplace and residential design that
inspires, evolves and endures. Our portfolio of furniture, textile, leather and
accessories brands, including Knoll, KnollStudio, KnollTextiles, KnollExtra,
Spinneybeck, FilzFelt, Edelman Leather, and HOLLY HUNT, reflects our commitment
to modern design that meets the diverse requirements of high performance offices
and luxury interiors. A recipient of the National Design Award for Corporate and
Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design
Museum, Knoll is aligned with the U.S. Green Building Council and the Canadian
Green Building Council and can help organizations achieve Leadership in Energy
and Environmental Design (LEED) workplace certification. Knoll is the founding
sponsor of the World Monuments Fund Modernism at Risk program.

Contact:

Investors:

Craig B. Spray

Senior Vice President and Chief Financial Officer

215-679-1752

cspray@knoll.com

Media:

David E. Bright

Senior Vice President, Communications

212-343-4135

dbright@knoll.com



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
    other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
     originality of the information contained therein.

Source: Knoll, Inc. via GlobeNewswire
[HUG#1787401]



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