NN, Inc. | Stephens

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Co-Manager

NN, Inc.

$200 Million 09/13/2018 Healthcare Services Complete
Public Companies
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Transaction Details

  • On September 13, 2018, NN, Inc. (“NNBR” or the “Company”) announced the pricing of an underwritten public offering of 12,500,000 shares of its common stock at a price to the public of $16.00 per share
  • The offering consisted of 100% primary shares
  • The Company also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of NNBR common stock
  • NNBR intends to use net proceeds from the offering to repay the $200,000,000 second lien secured credit facility incurred in connection with the acquisition of Paragon Medical, and the remaining net proceeds, if any, for general corporate purposes
  • Stephens Inc. served as Co-Manager on the offering

About the company

NN, Inc. (Nasdaq: NNBR) is a global diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions, components and assemblies for the medical, aerospace and defense, electrical, automotive and general industrial markets. NN, Inc. operates through three operating segments: the Mobile Solutions, Power Solutions and Life Sciences groups, which are based principally on the end markets they serve. As of September 1, 2018, the Company had 51 facilities in North America, Europe, South America and China.

Sources: Company filings and press release.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/918541/000119312518270033/d591836d424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.