{"schema_version":"secwatch.filing_event.v1","accession":"0000918541-24-000012","form_type":"8-K","ticker":"NNBR","cik":"0000918541","company_name":"NN INC","filed_at":"2024-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.285110+00:00","generated_at":"2026-06-05T01:01:56.815617+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NN enters $16.8M sale-leaseback of three facilities, repays term loan","bullets":["Sale-leaseback of three facilities for aggregate $16.8M; expected to close March 15, 2024.","Net proceeds will repay outstanding term loan balance, lowering ongoing cash interest costs.","Company also reduced corporate HQ footprint by ~2/3 via separate sublease to lower operating costs.","No impact to EBITDA, employees, or customers; NN will continue operations at the facilities.","CFO Mike Felcher says transaction is part of a multi-step 2024 balance sheet optimization plan."],"urls":{"canonical":"https://secwatch.observer/filing/0000918541-24-000012","json":"https://secwatch.observer/filing/0000918541-24-000012.json","markdown":"https://secwatch.observer/filing/0000918541-24-000012.md","text":"https://secwatch.observer/filing/0000918541-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918541/000091854124000012/0000918541-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918541/000091854124000012/nnbr-20240305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:01:56.815617+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d1f40bc6def8d17095a7406a2ca1f2089dd1f9d","claim":"NN INC entered into Purchase and Sale and Escrow Agreement with Tenet Equity Funding SPE III, LLC valued at $16.8 million (effective 2024-03-05).","evidence_excerpt":"On March 5, 2024, NN, Inc., a Delaware corporation (the \"Company\"), entered into that certain Purchase and Sale and Escrow Agreement (the “Agreement”) with Tenet Equity Funding SPE III, LLC, a Delaware limited liability company (the “Buyer”), to sell and leaseback (the “Sale Leaseback Transactions”) those certain facilities identified in the Agreement (the “Properties”), which are currently owned by subsidiaries of the Company. The aggregate purchase price for the Properties is $16.8 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918541/000091854124000012/0000918541-24-000012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"Tenet Equity Funding SPE III, LLC"},{"label":"Value","value":"$16.8 million"},{"label":"Effective","value":"2024-03-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}