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Stock impact report

NN, Inc. Announces Pricing Of Public Offering Of Common Stock

NN, Inc. (NNBR) 
Last nn, inc. earnings: 3/12 07:25 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nninc.com
Company Research Source: PR Newswire
CHARLOTTE, N.C., Sept. 13, 2018 /PRNewswire/ -- NN, Inc., (Nasdaq: NNBR) ("NN" or "the Company") a diversified industrial company, today announced the pricing of an underwritten public offering of 12,500,000 shares of its common stock at a price of $16.00 per share. NN has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock. Closing of the offering is expected to occur on September 18, 2018.The net proceeds to NN from the offering, after deducting underwriting discounts and estimated offering expenses, are expected to be approximately $188,500,000 (or approximately $216,925,000 if the underwriters exercise their option to purchase additional shares of common stock in full). NN intends to use the net proceeds from the offering to repay all or a portion of the $200,000,000 second lien secured credit facility incurred in connection with the acquisition of Paragon Medical, Inc. and the remaining net proceeds, if any, for general corpor Show less Read more
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