ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET
ARRANGEMENT OF A REGISTRANT
The information regarding the Indenture, Supplemental Indenture, Purchase Agreement, Purchase Agreement
Joinder and the New Senior Credit Facilities set forth in Item 1.01 above is incorporated herein by reference. On the Closing Date, NN borrowed $525.0 million under the New Term Loan Credit Facility. NN used the borrowings under the New Senior
Credit Facilities, together with net proceeds from the Offering and cash on hand, to pay the Purchase Price for the Acquisition, to refinance certain indebtedness of NN and to pay fees and expenses related to the foregoing.
||REGULATION FD DISCLOSURE |
On October 20, 2015, NN issued a press release announcing the
completion of the Acquisition. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K does not constitute an offer to sell or the
solicitation of an offer to buy the Notes. Any offers of the Notes will be made only by means of a private offering memorandum.
to the rules and regulations of the U.S. Securities and Exchange Commission, the information furnished pursuant to Item 7.01 of this Current Report on Form 8-K, is deemed to have been furnished and shall not be deemed to be filed
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of NN, whether made before or after
the date hereof, regardless of any general incorporation language in such filing.
Statements about the effects of the Acquisition and the other transactions contemplated by the Stock Purchase Agreement and all other
statements herein and therein, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue
reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.
All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions,
risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking
statements represent NNs views as of the date on which such statements were made. NN anticipates that subsequent events and developments may cause its views to change. These forward-looking statements should not be relied upon as representing
NNs views as of any date subsequent to the date hereof. Additional factors that may affect the business or financial results of NN are described in the risk factors included in NNs filings with the SEC, including NNs Annual Report
on Form 10-K for the fiscal year ended December 31, 2014 and the risk factors included in Exhibit 99.1 to NNs Current Report on Form 8-K filed on September 22, 2015. NN expressly disclaims a duty to provide updates to forward-looking
statements, whether as a result of new information, future events or other occurrences, except as required by law.
||FINANCIAL STATEMENTS AND EXHIBITS |
(a) Financial Statements of Businesses Acquired
Financial statements of the business acquired will be filed by amendment to this Current Report on Form 8-K (this Report) no later
than 71 days following the date that this Report is required to be filed.