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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)  More Company Research Source: PR Newswire
Last nn, inc earnings: 11/7 05:15 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]

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