NFI Group Launches $600 Million Note Offering to Strengthen Financial Position

An announcement from NFI Group Inc ( (TSE:NFI) ) is now available.

NFI Group Inc. announced a private offering of $600 million in second lien senior secured notes through its subsidiary, New Flyer Holdings, Inc. The proceeds will be used to repay existing indebtedness and extend the company’s first lien senior credit facility to 2029. This strategic financial move is expected to enhance NFI’s liquidity and operational flexibility, positioning it well in the competitive global bus manufacturing industry.

The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.

Spark’s Take on TSE:NFI Stock

According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.

NFI Group Inc’s stock presents a mixed picture. Strong order backlogs and improved operational efficiencies are positive, but high leverage and ongoing profitability issues pose risks. The technical analysis suggests positive momentum, though overbought conditions might lead to a correction. Valuation concerns persist, reflecting unattractive financial metrics.

To see Spark’s full report on TSE:NFI stock, click here.

More about NFI Group Inc

NFI Group Inc. is a global leader in the manufacturing of propulsion-agnostic bus and coach mobility solutions. The company offers a wide range of products, including electric buses, motorcoaches, and sustainable drive systems. With operations in ten countries and a workforce of nearly 9,000, NFI aims to provide scalable smart mobility solutions to enhance urban transportation.

Average Trading Volume: 278,213

Technical Sentiment Signal: Buy

Current Market Cap: C$1.81B

Learn more about NFI stock on TipRanks’ Stock Analysis page.