---
title: "HNI Corporation's exchange offer for Steelcase, Inc. notes expired, offering up to $450M in new HNI Notes."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268810604.md"
description: "HNI Corporation completed its acquisition of Steelcase, Inc., initially announced on August 4, 2025. The deal includes a mix of cash and stock, and HNI has initiated an exchange offer for Steelcase's existing 5.125% Notes due 2029, allowing for up to $450 million in new HNI Notes. This strategic acquisition marks a significant partnership between the two corporations."
datetime: "2025-12-05T23:28:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268810604.md)
  - [en](https://longbridge.com/en/news/268810604.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268810604.md)
generator: "portal-rs"
---

# HNI Corporation's exchange offer for Steelcase, Inc. notes expired, offering up to $450M in new HNI Notes.

On December 5, 2025, HNI Corporation revealed their acquisition of Steelcase, Inc. that was announced on August 4, 2025. The deal, conducted in a mix of cash and stock, is a significant move marked by a definitive agreement between the two companies. As part of this acquisition, HNI initiated an exchange offer for all existing 5.125% Notes due 2029 from Steelcase. The offer allows for the exchange of these notes for new notes from HNI, with a total value of up to $450,000,000 in aggregate principal amount. This acquisition marks a strategic development in the business world, as two major corporations solidify their partnership in a lucrative deal.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**