NN INC (NNBR): debt financing — NN closes $128M term loan with Marathon Asset Management; refinances existing debt

NN INC

New Term Loan Facility: $118M term loans + $10M delayed draw, matures April 2030.
Interest: Base Rate 8.25%, Adjusted Term SOFR 9.25%; PIK interest option available.
Existing $150M term loan with Oaktree terminated upon closing.
Company cites improved leverage/liquidity covenants to support growth and M&A.
ABL facility refinanced earlier in Jan 2025: $65M, five-year maturity, improved terms.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NN INC incurred term loan of $128.0 million with Alter Domus (US) LLC at Base Rate Loans are 8.25% per annum; Adjusted Term SOFR Rate Loans are 9.25% per maturing April 16, 2030.

Instrument: term loan
Principal: $128.0 million
Counterparty: Alter Domus (US) LLC
Rate: Base Rate Loans are 8.25% per annum; Adjusted Term SOFR Rate Loans are 9.25% per
Maturity: April 16, 2030
Event: incurrence

Exact text from the filing

The Term Loan Credit Agreement provides for senior secured credit facilities consisting of (i) $118.0 million of Term Loans and (ii) $10.0 million of Delayed Draw Term Loans for an aggregate amount of $128.0 million.

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222 debt financings filed in the last 30 days. Browse all debt financings →

NN INC filing history →

Source: SEC EDGAR

accession 0000918541-25-000050

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