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Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item
Published on 11/10/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

NN repurchases $50 million of 10¼% notes due 2020 with loan proceeds

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – NN, Inc. repurchased about $50 million of its 10¼% senior notes due 2020, according to an 8-K filed with the Securities and Exchange Commission.

The company funded the repurchase with proceeds of a new incremental term loan and with cash on hand.

NN is a Johnson City, Tenn.-based manufacturer and supplier of high precision metal bearing components, industrial plastic and rubber products and precision metal components.


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