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 entered an off-balance-sheet arrangement for lease obligation with Tenet Equity Funding SPE III, LLC maturing 20 years.
- Instrument
- lease obligation
- Counterparty
- Tenet Equity Funding SPE III, LLC
- Maturity
- 20 years
- Event
- off balance sheet
Exact text from the filing
☐ ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On March 15, 2024, NN, Inc., a Delaware corporation (the “Company”), closed its previously-announced sale leaseback transactions (the “Sale Leaseback Transactions”) with Tenet Equity Funding SPE III, LLC, a Delaware limited liability company (the “Buyer”), pursuant to which the Company sold certain facilitates owned by subsidiaries of the Company (the “Properties”) to the Buyer for an aggregate purchase of $16.8 million.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NN INC amended term loan with Oaktree Fund Administration, LLC.
- Instrument
- term loan
- Counterparty
- Oaktree Fund Administration, LLC
- Event
- amendment
Exact text from the filing
TLCA Amendment In connection with the Sale Leaseback Transactions, on March 15, 2024, the Company, certain subsidiaries of the Company named therein, the lenders party thereto and Oaktree Fund Administration, LLC (“Oaktree”), as administrative agent, entered into that certain Amendment No.
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