Financing ·
NN, Inc. reported second quarter 2026 financial results and announced a $124 million refinancing of its preferred stock
NNBRNN Inc
NN, Inc. reported second quarter 2026 financial results and announced a $124 million refinancing of its preferred stock. Net sales increased 19.3% to $128.7 million, while adjusted EBITDA rose 36.1% to $17.9 million. The company raised its full-year 2026 net sales guidance to $460–$470 million and adjusted EBITDA guidance to $55–$65 million. The refinancing involved a $89 million payoff, including $70 million from a PIPE transaction and $19 million through equitization to common stock, significantly reducing leverage and annual PIK interest by approximately $13 million. NN operates in the global diversified industrial sector, engineering and manufacturing high-precision components and assemblies.