NN INC

$50m committed across 1 active facility. NNBR

Metalworkg Machinery & Equipment

Recent changes

  1. Aug 5, 2026NN INC signs $50m REVOLVING CREDIT AND SECURITY AGREEMENT, matures Dec 2029SEC ↗
Tested springingHeadroom not yet measured1.00x

Springing: Financial Testing Period commencing when Undrawn Availability is less than 12.5% of the Maximum Loan Amount and ending after Undrawn Availability is ≥ 12.5% for 30 consecutive days.

Cause to be maintained as of the end of each fiscal quarter immediately preceding the commencement of a Financial Testing Period for which Agent has received or was required to receive financial statements pursuant to Section 9.8 hereof, and each fiscal quarter thereafter until such Financial Testing Period terminates, a Fixed Charge Coverage Ratio of not less than 1.00 to 1.0, measured on a trailing four (4) quarter basis.
Read the filing on sec.gov ↗

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REVOLVING CREDIT AND SECURITY AGREEMENT

Signed Dec 30, 2024

Committed
$50m
Matures
Dec 2029
TrancheSizeMaturesMargin
Revolving credit facility$50mDec 2029n/a

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level 1all timesn/an/a

Lenders: PNC Bank, National Association

No amendments on file yet.

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