NN INC 8-K
Research Summary
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NN, Inc. Amends Term Loan Credit Agreement, Draws $10M Delayed Loan
What Happened
NN, Inc. announced on January 29, 2026 that it entered into Amendment No. 1 to its Term Loan Credit Agreement (originally dated April 16, 2025) and, in connection with that amendment, borrowed $10.0 million of Delayed Draw Term Loans. The original agreement provided for a $118.0 million term loan (funded in April 2025) plus $10.0 million of delayed draw commitments. The Amendment removed the previously required "DDTL Equity Raise" condition to accessing the delayed draw facility. Alter Domus (US) LLC is the administrative agent for the lenders.
Key Details
- Amendment date: January 29, 2026.
- Original Term Loan Credit Agreement date: April 16, 2025.
- Amount borrowed on amendment: $10.0 million (Delayed Draw Term Loans).
- Effect: the company’s total funded term loans now reflect the original $118.0M plus the $10.0M draw (per the agreement terms).
- Administrative agent: Alter Domus (US) LLC.
Why It Matters
This filing documents a material financing event: NN, Inc. removed a prior condition to access its delayed draw facility and drew the full $10.0 million, providing the company with additional liquidity. For investors, the transaction increases the company’s outstanding term loan balance and could affect leverage and interest expense metrics reported in future filings. The full terms of the underlying credit agreement and the Amendment are filed as exhibits to the 8-K for review.