RE:A little surprisedAlmost there today!
"The Company intends to use the net proceeds of the Offering to reduce the outstanding balance under its revolving senior credit facility. This is expected to strengthen NFI’s balance sheet, reduce leverage and interest expense and significantly increase liquidity. NFI believes that this will provide the Company with additional financial flexibility to pursue its operational and strategic goals, such as investments in NFI’s zero-emission products and electric propulsion technology, investments required under the previously disclosed NFI Forward cost-reduction initiative and other potential growth opportunities."