NN Inc. closes $50M asset-backed revolving credit facility with PNC Bank, replaces prior JPMorgan facility

NN INC

New $50M ABL revolving credit facility with PNC Bank (agent); matures Dec 30, 2029 or 90 days before term loan.
Facility includes $15M for letters of credit, $5M swingline; borrowing base on AR and inventory.
Proceeds used to refinance existing $50M ABL facility with JPMorgan, which was terminated.
Fifth Amendment to term loan with Oaktree increases domestic liquidity requirements.
CFO says terms reflect market confidence and support transformation and growth.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.