Stockreport
NN, Inc. Announces Closing of Public Offering of Common Stock, Exercise of Option to Purchase Additional Shares and Repayment in Full of Second Lien Facility
Last nn earnings: 8/8 05:12 pm
Check Earnings Report
US:NASDAQ Investor Relations: investors.nninc.com
PDF
CHARLOTTE, N.C., Sept. 18, 2018 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) ("NN" or "the Company") a diversified industrial company, today announced the closing of its previously disclosed public offering of common stock. The total number of shares of common stock sold was 14,375,000, composed of 12,500,000 shares of common stock initially offered and an additional 1,875,000 shares of common stock sold pursuant to the exercise of the underwriters' option to purchase additional shares, in each case at the public offering price of $16.00 per share. The net proceeds to NN from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, are approximately $216,925,000. The Company used the net proceeds from the offering to voluntarily repay, in full, the $200,000,000 second lien secured credit facility incurred in connection with its acquisition of Paragon Medical, Inc. The remaining proceeds of the offering will be used for general corporate purpose
[Read more]
| IMPACT SNAPSHOT | EVENT TIME: | NNBR | ||||
|---|---|---|---|---|---|---|
|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
Performance comparison
Updated
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| LAST PRICE | ||
| VWAP | ||
|
High:
|
MAX UP |
High:
|
|
Low:
|
MAX DOWN |
Low:
|
|
%
|
POST NEWS RANGE |
%
|
|
|
PRICE CHANGE |
|
|
|
PRICE CHANGE PERCENTAGE |
|
|
|
S&P 500 (SPX) |
|
|
%
|
VOLUME RATIO |
%
|
| VOLUME (SHARES) | ||
| TICKS | ||
|
|
AVG SHARES PER TRADE |
|
Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Be the first to know
Opt in for alerts from News Quantifed
Opt-in for
NNBR alerts
NNBR alerts
from News Quantified
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NNBR alerts
High impacting NN news events
Weekly update
A roundup of the hottest topics
NNBR
NEWS
NEWS
- NN, Inc. (NASDAQ: NNBR) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "strong sell" rating.[MarketBeat]
- NN, Inc. (NASDAQ: NNBR) had its price target lowered by analysts at Stifel Nicolaus from $23.00 to $18.00. They now have a "hold" rating on the stock.[MarketBeat]
- NN, Inc. (NASDAQ: NNBR) is now covered by analysts at Robert W. Baird. They set a "neutral" rating on the stock.[MarketBeat]
- NN, Inc. To Hold Third Quarter 2018 Conference Call On Thursday, November 8, 2018[PR Newswire]
- NN Inc. To Expand Manufacturing Capabilities In Massachusetts [Reuters][Reuters]
- More
NNBR
SEC Filings
SEC Filings
- 10/10/18 - Form SC
- 9/18/18 - Form 8-K
- 9/17/18 - Form 4
- NNBR's page on the SEC website
- More