NN, Inc. Common Stock Offering
Davis Polk advised the sole active book-running manager and representative of the several underwriters in connection with the SEC-registered offering of 14,375,000 shares of common stock of NN, Inc. for $230 million before underwriting discounts and estimated expenses of the offering. Included in the shares are 1,875,000 shares sold by NN pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The common stock is listed on the NASDAQ Global Select Market under the symbol “NNBR.”
NN, Inc., incorporated in Delaware, is a global diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for the medical, aerospace and defense, electrical, automotive and general industrial markets.
The Davis Polk capital markets team included partner Byron B. Rooney and associates Roderick G. Miller and Jae Maeng. The tax team included partner Michael Farber. Partner Frank J. Azzopardi and associate Elizabeth R. Diggs provided intellectual property and technology advice. Counsel Loyti Cheng provided environmental advice. Counsel Ann Becchina and associate Thomas Lair provided executive compensation advice. All members of the Davis Polk team are based in the New York office.