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Marathon Asset Management Provides $128 Million Commitment to NN, Inc.

1. Marathon Asset Management completed a $128 million refinancing for NNBR. 2. The refinancing enhances NNBR's financial stability and growth potential.

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FAQ

Why Bullish?

Refinancing can reduce interest expenses and improve liquidity for NNBR. Historical data shows companies with successful refinancing often see stock price appreciation.

How important is it?

The refinancing strengthens NNBR's financial position, which is critical for investor confidence.

Why Long Term?

The refinancing supports NNBR's capital structure, enabling long-term growth strategies. Similar cases have shown lasting positive effects on company performance.

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NEW YORK--(BUSINESS WIRE)--Marathon Asset Management, L.P. (“Marathon”), a leading global asset manager specializing in public and private credit markets with over $23 billion in assets under management, announced the successful completion of a refinancing program for NN, Inc. (NASDAQ: NNBR) (“NN”), a global diversified industrial company that engineers and manufactures high-precision components and assemblies. Marathon's tailored capital solution for NN provides a $128 million term loan facili.

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