NN Inc. Completes $100 million Private Placement of Convertible Preferred Stock and Warrants
01.10.20
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Simpson Thacher represented NN, Inc. (“NN”) in a private placement of convertible preferred stock and common stock purchase warrants. The offering raised aggregate proceeds of $100 million. Net proceeds from the offering will be used to repay existing indebtedness and for general corporate purposes.
NN is a global diversified industrial manufacturer of high-precision metal and plastic components and assemblies. NN is publicly traded on the Nasdaq under the symbol “NNBR.”
The Simpson Thacher team included Eric Swedenburg and Amy Hutchings (M&A); Daniel Webb, Jean Park and Kirsten Harmon (Capital Markets); Michael Vernace (Banking & Credit); Jeannine McSweeney and Eric Wolf (Executive Compensation and Employee Benefits); Tyler Robbins (Tax); and Ellen Frye and Kelly Karapetyan (Antitrust).