---
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"
generated_at: "2026-05-23T12:53:03.098312+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NN closes $128M term loan with Marathon Asset Management; refinances existing debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918541-25-000050
- JSON: https://secwatch.observer/filing/0000918541-25-000050.json
- Plain text: https://secwatch.observer/filing/0000918541-25-000050.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/918541/000091854125000050/0000918541-25-000050-index.htm

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