NN Announces Successful Refinancing
NN(US:NNBR) Globenewswire·2025-04-16 20:05Provides company with the continued ability to move quickly and decisivelyCHARLOTTE, 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 lowe ...