NN, Inc. prices public offering of common stock

NN, Inc. (NASDAQ:) its public offering of 12.5M shares of common stock at a price of $16.00 per share.

Underwriters over-allotment is an additional 1,875,000 shares.

The expected net proceeds of ~$188,500,000 (or ~$216,925,000 if the underwriters exercise their option) will be used to repay all or a portion of the $200M second lien secured credit facility and the remaining for general corporate purposes.

Closing date is September 18.

Previously: (Sept. 10)

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