secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001193125-24-069193
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/0001193125-24-069193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000119312524069193/d105983d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-069193

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