NFI Group Inc. Announces Closing of Over-Allotment on Offering of Convertible Unsecured Debentures

WINNIPEG, Manitoba, Dec. 14, 2021 (GLOBE NEWSWIRE) — (TSX:NFI, NFI.DB) NFI Group Inc. (“NFI” or the “Company”), one of the world’s leading independent bus and coach manufacturers, today announced that it has closed the issuance of an additional C$38,000,000 aggregate principal amount of convertible unsecured debentures (the “Debentures”), pursuant to the partial exercise of the over-allotment option granted by NFI to the syndicate of underwriters in connection with NFI’s previously announced bought deal financing which closed on December 2, 2021. The gross proceeds from the offering (the “Offering”), including the proceeds from the exercise of the Debenture over-allotment option, are approximately C$488 million. Read More