NN INC — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
NN Inc. completed a refinancing of Series D preferred stock: paid off $89M ($70M cash from PIPE, $19M via equitization to common); retained ~$35M preferred at 10% PIK rate with $5M discount if refinanced by 12/31/26. Q2 2026 showed net sales of $128.7M (+19.3% YoY), adjusted EBITDA of $17.9M (+36.1%), and adjusted net income of $5.5M ($0.11/share). Company raised full-year guidance: net sales $460–$470M (+10%), adjusted EBITDA $55–$65M (+22%), new business wins $80–$100M (+29%).
Why this rating
Refinancing eliminates ~$13M annual PIK interest, materially de-leverages a $74M market-cap company, and unlocks M&A capacity. Guidance raises are material relative to company size. Strong operational momentum across data center, defense, medical.
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