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
NN, Inc. (NNBR)
Last nn, inc. earnings: 3/12 07:25 pm
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US:NASDAQ Investor Relations:
investors.nninc.com
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Source: PR Newswire
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
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News
- NN, Inc. (NASDAQ: NNBR) is now covered by analysts at Noble Financial. They set an "outperform" rating and a $6.00 price target on the stock.MarketBeat
- NN, Inc. Announces Jeff Tritapoe as Vice President of Global Operations [Yahoo! Finance]Yahoo! Finance
- NN, Inc. Announces Jeff Tritapoe as Vice President of Global OperationsGlobeNewswire
- NN announces business awards worth $17.2M in the first quarter [Seeking Alpha]Seeking Alpha
- NN, Inc. Announces Another Strong Quarter of New Business Awards at $17.2 million in Q1 2024 [Yahoo! Finance]Yahoo! Finance
NNBR
Earnings
- 3/11/24 - Miss
NNBR
Sec Filings
- 4/4/24 - Form DEF
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- NNBR's page on the SEC website