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Stock impact report

Marathon Asset Management Provides $128 Million Commitment to NN, Inc. [Yahoo! Finance]

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: Yahoo! Finance
NEW YORK, April 17, 2025 BUSINESS WIRE )--Marathon Asset Management, L.P. ("Marathon"), a leading global asset manager specializing in public and private credit markets with over $23 billion in assets under management, announced the successful completion of a refinancing program for NN, Inc. (NASDAQ: NNBR) ("NN"), a global diversified industrial company that engineers and manufactures high-precision components and assemblies. Marathon's tailored capital solution for NN provides a $128 million term loan facility with a 5-year maturity and the benefit of improved leverage and liquidity covenants to support NN's transformation plan. Harold Bevis, President and Chief Executive Officer of NN said, "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 5-year term loan. This is an important milestone and allows us to continue the aggressive value advan Show less Read more
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