NN, INC. Announces $124 Million Refinancing and Deleveraging Transaction
Chicago – August 5, 2026 – Cooley advised NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, on its negotiated transaction regarding the Company’s $124 million of Series D preferred stock security held by investment funds managed by Morgan Stanley Tactical Value.
Cooley advised NN on financing transactions that resulted in the redemption, exchange and refinancing of its preferred equity securities. The transactions included a $75 million common stock PIPE financing that closed in July 2026, the proceeds of which were used to redeem $70 million of NN’s existing Series D preferred stock; the exchange of approximately $19 million of Series D preferred stock for common stock with Morgan Stanley Tactical Value; and the refinancing of the remaining $35 million of Series D preferred stock at a reduced 10% interest rate for one year. The refinancing also provides NN with a $5 million discount if the remaining Series D preferred stock is redeemed by December 31, 2026.
Lawyers Christina Roupas, Courtney Tygesson, Sam Paullin, Emma Frerichs and Victoria Peluso led the Cooley team advising NN.
Cooley previously advised NN on its cooperation agreement with Legion Partners in January 2026.
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