NN, Inc. Announces Amendment To Credit Facility
NN, Inc. (NNBR)
Last nn, inc. earnings: 3/12 07:25 pm
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US:NASDAQ Investor Relations:
investors.nninc.com
Company Research
Source: PR Newswire
CHARLOTTE, N.C., June 17, 2019 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, announced that on June 11, 2019, it entered into an amendment to its Amended and Restated Credit Agreement. The amendment reduced the amount available under the Company's senior secured revolver and increased the consolidated net leverage ratios for quarterly periods ending on or after March 31, 2019. The principal rationale for the amendment was to create additional flexibility for the purpose of maintaining the Company's historical dividend practice.Richard Holder, President and Chief Executive Officer, commented, "In collaboration with our lending partners, we made a technical change to our credit agreement that allows us to maintain our historical dividend." Mr. Holder noted further, "We are pleased with our second quarter performance to date, reaffirm our prior guidance, and remain focused on execution and deleveraging the business."NN, Inc., a diversified industrial compa
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NNBR
Earnings
- 10/30/24 - Miss
NNBR
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/4/24 - Form 8-K
- NNBR's page on the SEC website