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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
Last nn, inc earnings: 11/7 05:15 pm
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US:NASDAQ Investor Relations: investors.nninc.com
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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
NEWS
- NN, Inc. (NASDAQ: NNBR) was downgraded by analysts at TheStreet from a "c-" rating to a "d+" rating.[MarketBeat]
- NN Inc.: A Deeply Distressed Valuation Creates A Buying Opportunity [Seeking Alpha][Seeking Alpha]
- NN, Inc. Announces Quarterly Dividend[PR Newswire]
- NN, Inc.: Industrial With Huge Long-Term Potential [Seeking Alpha][Seeking Alpha]
- NN, Inc.: Industrial With Huge Long-Term Potential [Seeking Alpha][Seeking Alpha]
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NNBR
SEC Filings
SEC Filings
- 12/10/18 - Form 4
- 12/6/18 - Form SC
- 11/8/18 - Form 10-Q
- NNBR's page on the SEC website
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