NN, Inc. Enters Into New Interest Rate Swap, Lowering Rate and Moving to Fixed Rate Debt
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., Feb. 11, 2019 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced that the Company has entered into a new interest rate swap transaction that will provide a fixed rate on $700 million of its senior secured debt through the end of 2020 and will amortize down through October of 2022. The transaction will also reduce NN's interest rate by six basis points on $700 million of its outstanding debt.Richard Holder, President & Chief Executive Officer, commented, "This is a key development in the execution of our strategic plan. Reducing our interest rate on $700M of our debt and exchanging the variable rate exposure for a fixed rate is a true win-win. Additionally, the transaction de-risks our exposure to interest rate volatility as well as removes another variable from our planning process, as we continue to focus on execution and deleveraging."NN, Inc., a diversified industrial company combines advanced engineering and production ca
Show less
Read more
Impact Snapshot
Event Time:
NNBR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NNBR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NNBR alerts
High impacting NN, Inc. news events
Weekly update
A roundup of the hottest topics
NNBR
News
- NN, Inc. (NASDAQ:NNBR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- NN, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- NN, Inc. Reports First Quarter 2024 ResultsGlobeNewswire
- Greystone Capital Q1 2024 Letter To Clients [Seeking Alpha]Seeking Alpha
- NN, Inc. to Hold First Quarter 2024 Earnings Conference Call on Tuesday, May 7, 2024GlobeNewswire
NNBR
Earnings
- 5/6/24 - Beat
NNBR
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/30/24 - Form SC
- NNBR's page on the SEC website