{"schema_version":"secwatch.filing_event.v1","accession":"0000918541-25-000050","form_type":"8-K","ticker":"NNBR","cik":"0000918541","company_name":"NN INC","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.812036+00:00","generated_at":"2026-05-23T12:53:03.098312+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NN closes $128M term loan with Marathon Asset Management; refinances existing debt","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000918541-25-000050","json":"https://secwatch.observer/filing/0000918541-25-000050.json","markdown":"https://secwatch.observer/filing/0000918541-25-000050.md","text":"https://secwatch.observer/filing/0000918541-25-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918541/000091854125000050/0000918541-25-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918541/000091854125000050/nnbr-20250416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:53:03.098312+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":"e4f67d34939496fb407c8711a1812213c4c28ed4","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/918541/000091854125000050/0000918541-25-000050-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$128.0 million"},{"label":"Counterparty","value":"Alter Domus (US) LLC"},{"label":"Rate","value":"Base Rate Loans are 8.25% per annum; Adjusted Term SOFR Rate Loans are 9.25% per"},{"label":"Maturity","value":"April 16, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}