Cahill Represents Lead Arranger in Amendment of First Lien Credit Agreement for NN, Inc. and $200 Million Second Lien Credit Facility for NN, Inc.
Cahill represented SunTrust Robinson Humphrey, Inc. as lead arranger in connection with an amendment to NN, Inc.’s existing first lien credit agreement to, among other things, permit the incurrence of second lien term loans to finance a portion of the acquisition (the “Paragon Acquisition”) of PMG Intermediate Holding Corporation, the parent company of Paragon Medical, Inc., by NN, Inc., a global diversified and industrial manufacturer of high-precision metal and plastic components and assemblies.
Cahill represented SunTrust Robinson Humphrey, Inc. as sole lead arranger and bookrunner and SunTrust Bank as documentation agent in connection with a $200,000,000 second lien Term B credit facility for NN, Inc. Proceeds from the offering were used to fund a portion of the Paragon Acquisition. Paragon Medical a medical device manufacturer which focuses on the orthopedic, case and tray, implant and instrument markets.