Brief: Nfi Provides Update On Its Comprehensive Refinancing Plan

NFI

25/07/2023 22:47

July 25 (Reuters) - NFI Group Inc  NFI.TO :
    * NFI PROVIDES UPDATE ON ITS COMPREHENSIVE REFINANCING PLAN,
INCLUDING THE FINALIZATION OF INDICATIVE TERMS FOR A $200
MILLION SECOND LIEN FINANCING, AND ANNOUNCES PRELIMINARY SECOND
QUARTER 2023 RESULTS
    * NFI GROUP INC - EXPECTS TO CONCURRENTLY CLOSE ALL ELEMENTS
OF
REFINANCING PLAN PRIOR TO AUGUST 31, 2023
    * NFI GROUP INC: RECEIVED CONFIRMATION OF CREDIT APPROVAL
WITH
REVISED MATURITY DATES EXTENDING TO APRIL 30, 2026
    * NFI GROUP INC - SEES Q2 REVENUE OF $640 MILLION TO $660
MILLION
    * NFI GROUP INC - SEES Q2 LOSS PER SHARE $0.62 TO $0.67
    * NFI GROUP INC - SEES Q2 ADJUSTED NET LOSS PER SHARE OF
$0.45 TO
$0.50
    * NFI GROUP: SECURED $225 MILLION OF EQUITY COMMITMENTS VIA
MIX OF
PRIVATE PLACEMENT TRANSACTION, BOUGHT DEAL PUBLIC OFFERING OF
SUBSCRIPTION RECEIPTS

Source text for Eikon:  ID:nGNX1chPB4 
Further company coverage:  NFI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))