NN, Inc. amends agreement with Prudential Capital, cuts rate to 4.89%

By Lisa Kerner

Charlotte, N.C., Nov. 1 - NN, Inc. amended its fixed-rate notes agreement with Prudential Capital, lowering the rate on the series A notes due 2014 to 4.89%, from 5.39%.

There was about $11.4 million outstanding in the series A notes and $20 million outstanding in series B 4.64% notes due 2018 as of Sept. 30, according to a form 8-K filed with the Securities and Exchange Commission.

NN is a Johnson City, Tenn.-based manufacturer and supplier of high precision metal bearing components, industrial plastic and rubber products and precision metal components.

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