NN, a diversified industrial company, amended its five-and-a-half-year, $150 million term loan with funds managed by Oaktree Capital Management.
NN completed a new financing with J.P. Morgan, Oaktree Capital Management and Morgan Stanley Tactical Value to provide a $50 million asset-based credit line, a $150 million term loan and a $65 million preferred stock issuance, respectively.
NN has successfully amended its senior credit agreement to, among other things, extend the maturity date of its revolving facility t term loan B, matching the maturity date of NN’s longer-dated term loan B.
NN, a diversified industrial company, amended and restated its credit facility to lower the interest rate and rate floor on its term loan with SunTrust as administrative agent.
NN completed its Autocam acquisition. In connection with the closing, NN obtained $450 million in loans underwritten by BofA and KeyBank to support the transaction.