Brief: NN, Inc. Announces Amendment To Term Loan

NN

04/03/2022 12:18

March 4 (Reuters) - NN Inc  NNBR.O :
    * NN, INC. ANNOUNCES AMENDMENT TO TERM LOAN
    * NN INC- ANNOUNCED AMENDMENT TO ITS 5.5-YEAR $150 MILLION
TERM
LOAN WITH FUNDS MANAGED BY OAKTREE CAPITAL MANAGEMENT, L.P.
    * NN INC- AMENDMENT INCREASES MAXIMUM TOTAL LEVERAGE RATIO
COVENANTS FOR ALL QUARTERS OF 2022 AND 2023
    * NN INC-  IN 2022 EXPECT IMPACTS OF SUPPLY CHAIN DISRUPTION
FOR
SEMICONDUCTOR CHIPS, INFLATION THAT WE HAVE EXPERIENCED IN 2021
TO STABILIZE

Source text for Eikon:  ID:nGNX65sq00 
Further company coverage:  NNBR.O 

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