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NN ( (NNBR) ) has shared an announcement.
NN, Inc. has announced a new $50 million asset-backed revolving credit facility, which marks a significant step in its balance sheet optimization strategy. This new credit agreement will aid in refinancing existing obligations and is expected to enhance the company’s financial flexibility, reflecting market confidence in NN, Inc.’s strategic transformation and growth initiatives.
More about NN
NN, Inc. is a global diversified industrial company that specializes in engineering and manufacturing high-precision components and assemblies. Headquartered in Charlotte, North Carolina, the company operates facilities across North America, Europe, South America, and Asia, serving various markets with its advanced engineering and materials science expertise.
Average Trading Volume: 115,515
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $163.3M
For a thorough assessment of NNBR stock, go to TipRanks’ Stock Analysis page.
