NN Inc. Files 8-K: Material Agreement and Financial Obligation
Ticker: NNBR · Form: 8-K · Filed: 2024-03-15T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
NN Inc. just signed a big deal and took on debt, filing an 8-K today.
AI Summary
On March 15, 2024, NN Inc. entered into a material definitive agreement and created a direct financial obligation. The filing does not provide specific details on the agreement or the financial obligation, but it indicates a significant event for the company.
Why It Matters
This 8-K filing signals a significant new agreement or debt for NN Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks related to debt covenants, operational changes, or market conditions.
Key Players & Entities
- NN Inc. (company) — Registrant
- March 15, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 6210 Ardrey Kell Road, Suite 120, Charlotte, North Carolina 28277 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by NN Inc. on March 15, 2024?
The filing states that NN Inc. entered into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What is the direct financial obligation or off-balance sheet arrangement created by NN Inc.?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not detailed in the provided text.
What is the principal executive office address for NN Inc.?
The principal executive offices of NN Inc. are located at 6210 Ardrey Kell Road, Suite 120, Charlotte, North Carolina 28277.
In which state is NN Inc. incorporated?
NN Inc. is incorporated in Delaware.
What is the filing date for this 8-K report?
This 8-K report was filed on March 15, 2024.
Filing Stats: 1,067 words · 4 min read · ~4 pages · Grade level 11.1 · Accepted 2024-03-15 16:30:39
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 NNBR The Nasdaq Stock Market LLC I
- $16.8 million — the Buyer for an aggregate purchase of $16.8 million. The transactions closed in accordance
Filing Documents
- d105983d8k.htm (8-K) — 31KB
- d105983dex101.htm (EX-10.1) — 823KB
- d105983dex102.htm (EX-10.2) — 24KB
- g105983g0315095813349.jpg (GRAPHIC) — 2KB
- 0001193125-24-069193.txt ( ) — 1201KB
- nnbr-20240315.xsd (EX-101.SCH) — 3KB
- nnbr-20240315_lab.xml (EX-101.LAB) — 18KB
- nnbr-20240315_pre.xml (EX-101.PRE) — 11KB
- d105983d8k_htm.xml (XML) — 4KB
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS (d)Exhibits. Exhibit No. Description of Exhibit 10.1 Amendment No. 3 to Term Loan Credit Agreement, dated March 15, 2024, by and among NN, Inc., certain subsidiaries of NN, Inc., the lenders party thereto and Oaktree Fund Administration, LLC, as administrative agent. 10.2 Amendment No. 2 to Credit Agreement, dated as of March 15, 2024, by and among NN, Inc., certain subsidiaries of NN, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 15, 2024 NN, INC. By: /s/ Michael C. Felcher Name: Michael C. Felcher Title: Senior Vice President and Chief Financial Officer