NN, Inc. completes $124 million preferred stock refinancing deal
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NN, INC. Announces $124 Million Refinancing and Deleveraging Transaction
August 5, 2026 4:15 PM EDTCHARLOTTE, N.C., Aug. 05, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR) (NN or the Company), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced a negotiated transaction regarding the Companys $124 million of Series D preferred stock security held by investment funds managed by Morgan Stanley Tactical Value.
Overview of 3-Part Transaction:
NN has paid off $70 million of preferred stock by using $70 million of cash raised through a sale of common stock via a PIPE... More