NN, Inc. (NNBR) Follow-on Stock Offering is Credit-Positive Development - Moody's

Moody's Investors Service said that NN, Inc. (Nasdaq: NNBR) announcement that it will receive gross proceeds of approximately $158 million from its follow-on stock offering (excluding any related to the overallotment option) and apply a portion towards debt repayment is credit positive. However, this transaction does not currently impact NN's ratings, including its B2 Corporate Family Rating and B2 senior secured term loan rating. For further information, please see NN's issuer comment dated June 26, 2015 at www.moodys.com.

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