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0.0245398773006135 0.0245398773006135 0.0736196319018404 0 0 0 0 0.0245398773006135
Stock impact report

NN Announces Successful Refinancing

NN, Inc. (NNBR) 
Last nn, inc. earnings: 3/12 07:25 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nninc.com
Company Research Source: GlobeNewswire
CHARLOTTE, N.C., April 16, 2025 (GLOBE NEWSWIRE) -- NN (NASDAQ: NNBR) today announced the successful completion of its debt refinancing initiative, accomplished in two steps. Step One - ABL (Asset Backed Loan) Refinancing – This refinancing with PNC Bank, N.A. was previously announced in January 2025: $65 million facilityFive-year maturity to 2030Improved collateral and borrowing amounts$15 million capex line at ABL ratesSlightly lower rates than previous ABL Step Two - Term Loan Refinancing – New refinancing with Marathon Asset Management: $118 million facilityFive-year maturity to 2030Improved leverage and liquidity covenants$10 million add-on feature for certain borrowingSlightly higher rates than previous Term Loan “We are pleased to announce the successful completion of our two-step ABL and Term Loan refinancing program. We are announcing a new term loan partner – Marathon Asset Management - and a new five-year term loan. This is an important milestone and allows Show less Read more
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