1.0Market Newsdeskhttps://www.marketnewsdesk.comNewsdeskhttps://www.marketnewsdesk.com/index.php/author/newsdesk/rich600338<blockquote class="wp-embedded-content" data-secret="VJLHG4nAly"><a href="https://www.marketnewsdesk.com/index.php/nn-announces-successful-refinancing/">NN Announces Successful Refinancing</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.marketnewsdesk.com/index.php/nn-announces-successful-refinancing/embed/#?secret=VJLHG4nAly" width="600" height="338" title="“NN Announces Successful Refinancing” — Market Newsdesk" data-secret="VJLHG4nAly" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.marketnewsdesk.com/wp-includes/js/wp-embed.min.js </script> Provides company with the continued ability to move quickly and decisively CHARLOTTE, N.C., April 16, 2025 (GLOBE NEWSWIRE) — NN (NASDAQ: NNBR) today announced the successful completion of its debt refinancing initiative, accomplished in two steps. Step One – ABL (Asset Backed Loan) Refinancing – This refinancing with PNC Bank, N.A. was previously announced in January 2025: $65 million facility Five-year maturity to 2030 Improved collateral and borrowing amounts $15 million capex line at ABL rates Slightly lower rates than previous ABL Step Two – Term Loan Refinancing – New refinancing with Marathon Asset Management: $118 million facility Five-year maturity to 2030 Improved leverage and liquidity covenants $10 million add-on feature for certain borrowing Slightly higher rates than previous Term … Continue reading ""https://www.globenewswire.com/newsroom/ti?nf=OTQyMzY5OSM2ODcwMjQ4IzIwMDYzOTg=