NN Eliminates Series D Preferred Stock
MT newswire2026/10/08 16:5212:52 PM EDT, 10/08/2026 (MT Newswires) -- NN (NNBR) said Thursday it has redeemed all of its remaining 18,400 shares of its series D perpetual preferred stock for about $30.7 million. The redemption was financed with proceeds from a recent $53.1 million private placement, the company said. The security has now been eliminated from its balance sheet, completing an important stepping stone in the transformation of the firm, capital structure, and business plan, NN said. Price: 3.97, Change: -0.05, Percent Change: -1.37
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