NN, Inc. amends Oaktree term loan; relaxes leverage and liquidity covenants

NN INC

Max Consolidated Net Leverage Ratio raised to 3.25x for Q1 2025, falling to 3.00x thereafter.
Domestic Liquidity minimum reduced to $10M for Q1 2025, from $20M previously.
Quarterly testing; weekly cash flow projections required if leverage >=3.00x or liquidity <=$35M.
Amendment No. 6 to Term Loan Credit Agreement, dated March 28, 2025, with Oaktree as agent.

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