---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-069193"
form_type: "8-K"
ticker: "NNBR"
cik: "0000918541"
company_name: "NN INC"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:28:55.427963+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NN Inc. completes $16.8M sale-leaseback, repays credit facility borrowings

## Summary
- Sold two Attleboro, MA facilities for $16.8M; entered 20-year master lease with Tenet Equity Funding SPE III.
- Used net cash proceeds to repay a portion of outstanding borrowings under credit facilities.
- Amended Term Loan and ABL agreements via Amendment No. 3 and No. 2 to accommodate the transaction.
- Oaktree Fund Administration is administrative agent; JPMorgan Chase is ABL administrative agent.
- Sale-leaseback closed March 15, 2024; initial term of lease is 20 years.

## SEC filing metadata
- accession: 0001193125-24-069193
- form_type: 8-K
- ticker: NNBR
- cik: 0000918541
- company_name: NN INC
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/0001193125-24-069193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/d105983d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-069193
- JSON: https://secwatch.observer/filing/0001193125-24-069193.json
- Plain text: https://secwatch.observer/filing/0001193125-24-069193.txt

## Key facts
- Debt Financings
  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
  source text: ☐ 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/0001193125-24-069193-index.htm
- Debt Financings
  NN INC amended term loan with Oaktree Fund Administration, LLC.
  - Instrument: term loan
  - Counterparty: Oaktree Fund Administration, LLC
  - Event: amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/0001193125-24-069193-index.htm

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