NN, Inc. Eliminates all of its Preferred Stock
Globe Newswire•08/10/2026•08:06 ET
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Key Highlights
- ➤NNBR eliminates all 18,400 Series D preferred shares for approximately $30.7 million
- ➤$53.1 million PIPE funded the preferred-stock redemption completed October 5, 2026
- ➤NN captured a $5.0 million incentive, redeeming $35.7 million value for $30.7 million
- ➤NN plans to refinance its Term Loan and provide updated guidance October 29, 2026
Expert Statements
Harold Bevis, President and CEO of NN, Inc.
“NN has significantly deleveraged during 2026. We will use this newly created capital flexibility to accelerate our business plans. We also intend to refinance our Term Loan at the right time and further improve our capital structure. The Company will provide updated guidance during our next earnings call on October 29(th), 2026.”
CHARLOTTE, N.C., Oct. 08, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (“NN” or the “Company”) (NASDAQ: NNBR), a global leader in precision manufacturing, today announced that it had completed an important balance sheet transaction.
The Company has redeemed, paid off and eliminated all of its remaining 18,400 outstanding shares of its Series D Perpetual Preferred Stock, par value $0.01 per share (the “Preferred Stock") for approximately $30.7 million.
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