NFI also provides Supplemental Information relating to its Special Meeting of Shareholders
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES
WINNIPEG, Manitoba, May 30, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced an update to its previously announced comprehensive refinancing plan (the “Refinancing Plan”), as NFI has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets, CIBC Capital Markets, National Bank Financial and Scotiabank (the “Joint Bookrunners” and collectively with the syndicate, the “Underwriters”), pursuant to which the Company will issue, on a “bought deal” basis, 10,709,000 subscription receipts (the “Subscription Receipts”) at a price of C$8.25 (approximately US$6.07) per Subscription Receipt (the “Offering Price”), for gross proceeds of approximately C$88 million (approximately US$65 million) (the “Offering”).
NFI Announces C$88 Million Bought Deal Public Offering of (globenewswire.com)