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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank Underwrites $50MM Asset-Based Revolving Credit Facility for NN
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Lenders/Participants
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PNC Bank [Lender]
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Structure
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Asset-Based Revolving Credit Facility
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Amount
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$50.000
Million
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Borrower(s)
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NN, Inc.
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Description
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The proceeds from the new credit facility were applied to refinance outstanding obligations under the company’s existing asset-backed loan credit agreement. The new ABL Credit Agreement will carry a maturity of the earlier of two dates, between December 30, 2029, or the date that is 90 days prior to the maturity date of the company’s term loan. PNC Bank is the underwriter for the transaction.
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Industry
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Manufacturing
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Location
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NC
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| Related Tags |
NN, PNC Bank
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ABL Advisor
Deal Tables
2025
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