# NN INC (NNBR) — capital_raise/pipe [announced]
Source: SEC API (secapi.ai) · situation sit_cd579ce1eb2c3886d380 · retrieved 2026-08-12T07:00:24.696Z

## Overview
NN Inc is a global diversified industrial company that engineers and manufactures high-precision components and assemblies for markets including data center, medical, defense, and automotive applications.

NN Inc completed a refinancing of its preferred stock on August 5, 2026. The company paid off approximately $89 million of the preferred stock through a combination of $70 million in cash from a PIPE (private investment in public equity) transaction and $19 million through equitization to common stock. The remaining ~$35 million of preferred stock carries a 10% PIK (paid-in-kind) interest rate for one year, with a $5 million discount available if refinanced by December 31, 2026. The refinancing materially reduces leverage and annual PIK interest by approximately $13 million, and the company expanded its investor roster with new institutional investors.

## Terms
- Counterparty: PIPE investors (new institutional investors) · Deal value: $124.0M · Consideration: mixed

## Key dates
- Announced 2026-08-05 · Expiry 2026-12-31

## Timeline
- 2026-08-05 · 8-K (0000918541-26-000065): 8-K - NN INC — *NN Inc is a global diversified industrial company that engineers and manufactures high-precision components and assemblies for markets including data center, medical, defense, and automotive applications.* NN Inc completed a refinancing of its preferred stock on August 5, 2026. The company paid off approximately $89 million of the preferred stock through a combination of $70 million in cash from a PIPE (private investment in public equity) transaction and $19 million through equitization to common stock. The remaining ~$35 million of preferred stock carries a 10% PIK (paid-in-kind) interest rate for one year, with a $5 million discount available if refinanced by December 31, 2026. The refinancing materially reduces leverage and annual PIK interest by approximately $13 million, and the company expanded its investor roster with new institutional investors.
  https://www.sec.gov/Archives/edgar/data/918541/0000918541-26-000065.txt

## Citations
- 0000918541-26-000065 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000091854126000065