NN Inc.’s $100 Million Private Placement of Convertible Preferred Stock and Warrants


Simpson Thacher represented NN, Inc. in a private placement of convertible preferred stock and common stock purchase warrants.

The offering raised aggregate proceeds of $100 million. Net proceeds from the offering will be used to repay existing indebtedness and for general corporate purposes.

NN is a global diversified industrial manufacturer of high-precision metal and plastic components and assemblies. NN is publicly traded on the Nasdaq under the symbol “NNBR.”

The Simpson Thacher team included Eric Swedenburg (Picture) and Amy Hutchings (M&A); Daniel Webb, Jean Park and Kirsten Harmon (Capital Markets); Michael Vernace (Banking & Credit); Jeannine McSweeney and Eric Wolf (Executive Compensation and Employee Benefits); Katharine Moir and Tyler Robbins (Tax); and Ellen Frye and Kelly Karapetyan (Antitrust).

Involved fees earner: Ellen Frye – Simpson Thacher & Bartlett; Kirsten Harmon – Simpson Thacher & Bartlett; Amy Hutchings – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jean Park – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; Eric Swedenburg – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Daniel Webb – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: NN Inc.;

Author: Ambrogio Visconti