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NN, Inc. announces a $75 million PIPE transaction, underscoring strong investor demand for its shares, following a $124 million refinancing effort led by Morgan Stanley Tactical Value.

PRIVATEAug 05, 20262 days ago

Amount Raised

$75 Million

Round Type

Series D

Charlotte

Investors

Morgan Stanley Tactical Value

Description

NN, Inc. has completed a $75 million PIPE transaction to enhance liquidity and strengthen its balance sheet. The transaction involved the conversion of preferred equity into common stock, assisting in deleveraging strategies. This performance-led initiative reinforces investor confidence and positions NN for future growth

Company Information

Company

NN, Inc.

Location

10926 DAVID TAYLOR DR

Charlotte, North Carolina, United States

About

NN, Inc., a global diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, Europe, South America, and Asia. For more information about the company and its products, please visit www.nninc.com.

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