---
schema_version: "secwatch.filing_event.v1"
accession: "0000918541-24-000129"
form_type: "8-K"
ticker: "NNBR"
cik: "0000918541"
company_name: "NN INC"
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:55:46.225598+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NN, Inc. Amends Term Loan and ABL Credit Agreements to Increase Debt Limits and Adjust Liquidity Covenants

## Summary
- NN, Inc. entered into Amendment No. 4 to Term Loan Credit Agreement with Oaktree on August 29, 2024, requiring sale-leaseback proceeds to prepay outstanding principal.
- The amendments raise allowable indebtedness for fixed asset acquisition from $20M to $40M, with a $26.95M cap on sale-leaseback transactions.
- Both the TLCA and ABL amendments modify the Domestic Liquidity covenant, requiring minimum $10M liquidity and weekly cash flow projections when leverage exceeds 3.0x or liquidity ≤ $35M.
- The amendments were executed on August 29, 2024 between NN, Inc., Oaktree Fund Administration (TLCA), and JPMorgan Chase (ABL).

## SEC filing metadata
- accession: 0000918541-24-000129
- form_type: 8-K
- ticker: NNBR
- cik: 0000918541
- company_name: NN INC
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918541/000091854124000129/0000918541-24-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918541/000091854124000129/nnbr-20240829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918541-24-000129
- JSON: https://secwatch.observer/filing/0000918541-24-000129.json
- Plain text: https://secwatch.observer/filing/0000918541-24-000129.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.