NFI Group Inc T.NFI

Alternate Symbol(s): T.NFI.DB | NFYEF

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NFI Group Inc. is a Canada-based independent global bus manufacturer. The Company provides a suite of mass transportation solutions under brands: New Flyer (heavy-duty transit buses), Alexander Dennis (AD) (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). It operates through two segments: Manufacturing Operations and Aftermarket Operations. The Manufacturing Operations segment manufactures, services and supports transit buses, coaches, medium-duty, and cutaway buses. The Aftermarket Operations segment is engaged in the sale of aftermarket parts for transit buses, coaches and medium- duty/cutaway buses, both for the Company's and third-party products. Its product type includes Heavy-duty transit buses, Single deck buses, Double-deck buses, Articulated buses, motor coaches, low floor cutaway, and medium-duty buses.

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NFI Group Inc > NFI Issues 5% Debentures.

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Comment by Defiance2050on Nov 15, 2021 8:58pm

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Post# 34129858

RE:NFI Issues 5% Debentures.

On the sidelines myself (never decided to purchase but on the watchlist). The infrastructure news is good in the mid-term orders can have multi-year schedules.

From my reading of the press release NFI is issuing convertible shares and equity to pay of some of their credit facility, which will have several restrictive covenants modified.