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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: 5/9 05:09 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 upgraded by analysts at Zacks Investment Research from a "hold" rating to a "buy" rating. They now have a $9.00 price target on the stock.[MarketBeat]
- NN, Inc. (NASDAQ: NNBR) was downgraded by analysts at BidaskClub from a "hold" rating to a "sell" rating.[MarketBeat]
- NN, Inc. (NASDAQ: NNBR) was upgraded by analysts at Zacks Investment Research from a "strong sell" rating to a "hold" rating.[MarketBeat]
- NN (NNBR) Q1 2019 Earnings Call Transcript [The Motley Fool][The Motley Fool]
- NN, Inc. (NNBR) CEO Rich Holder on Q1 2019 Results - Earnings Call Transcript [Seeking Alpha][Seeking Alpha]
- More
NNBR
SEC Filings
SEC Filings
- 5/20/19 - Form 8-K
- 5/10/19 - Form 8-K
- 5/10/19 - Form 10-Q
- NNBR's page on the SEC website
- More