Core Viewpoint - NFI Group Inc. is implementing a new strategy for its UK manufacturing operations through its subsidiary Alexander Dennis Limited, aimed at adapting to changing market dynamics and ensuring financial sustainability [1][6]. Group 1: Manufacturing Strategy - Alexander Dennis plans to consolidate its UK bus body manufacturing operations into a single site in Scarborough, closing the Falkirk site and suspending production lines at Larbert after current contracts are completed [2][4]. - The proposed restructuring is expected to lower overall costs, enhance efficiency by eliminating duplicate functions, and clarify responsibilities within the organization [3]. Group 2: Workforce Impact - The consultation process places up to 400 roles at Alexander Dennis at risk of redundancy, which accounts for approximately 22% of its workforce and 4% of NFI's global workforce [4]. - The company has invested over £1 billion in its domestic supply chain over the past five years, which may also be affected by these changes [4]. Group 3: Customer Support and Quality Focus - Alongside the manufacturing strategy, Alexander Dennis is restructuring its customer support teams to improve quality, reliability, and communication [5]. Group 4: Leadership Perspective - The President & Managing Director of Alexander Dennis emphasized the need for significant actions to drive efficiency and maintain competitiveness in light of challenging market conditions [6]. - Concerns were raised regarding current UK policies that do not incentivize local content or job retention, highlighting a competitive imbalance that needs addressing [7]. Group 5: Company Overview - NFI Group is a leading global bus manufacturer with nearly 9,000 employees across ten countries, offering a wide range of propulsion-agnostic bus and coach platforms, including electric models [8][9]. - The company supports an installed base of over 100,000 buses and coaches worldwide, focusing on sustainable mobility solutions [9].

Core Viewpoint - Shenzhen Bus Group has announced the procurement of 290 low-floor pure electric buses and 60 high-floor pure electric buses, with a total budget of 37.35 million yuan, indicating a significant investment in electric public transportation [1][3]. Group 1: Low-Floor Electric Bus Procurement - The procurement announcement for 290 low-floor pure electric buses includes two main winners: Nanjing Jinlong Bus Manufacturing Co., Ltd. won 188 units with a bid amount of 178.318 million yuan, while Xiamen Jinlong Travel Bus Co., Ltd. secured 102 units for 95.574 million yuan [1][2]. - The total budget for the low-floor electric bus project was set at 30.45 million yuan, reflecting a competitive bidding environment [3]. Group 2: High-Floor Electric Bus Procurement - The procurement for 60 high-floor pure electric buses was awarded to Jinlong United Automotive Industry (Suzhou) Co., Ltd. with a bid amount of 58.08 million yuan [3]. - The total budget for the high-floor electric bus project was 6.9 million yuan, contributing to the overall budget of 37.35 million yuan for both projects [3].

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WINNIPEG, Manitoba, May 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leader in propulsion agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the “Issuer”), has entered into a binding purchase agreement with a syndicate of initial purchasers and priced its previously announced private offering of senior secu ...

Core Viewpoint - NFI Group Inc. announced a private offering of $600 million in second lien senior secured notes to repay existing indebtedness and related expenses [1][2]. Group 1: Offering Details - The offering will consist of $600 million in aggregate principal amount of second lien senior secured notes [1]. - The net proceeds will be used to repay certain indebtedness under existing credit facilities, including a portion of the $180 million second lien credit facility [2]. - The notes will be fully guaranteed by NFI and its subsidiaries on a senior second lien basis [3]. Group 2: Credit Facility Adjustments - Upon completion of the notes offering, the existing first lien senior credit facility will be extended to May 7, 2029, with maximum commitments reduced to $700 million [4]. - The minimum liquidity covenant of $50 million under the first lien senior credit facility will no longer apply [4]. Group 3: Company Overview - NFI is a leader in propulsion-agnostic bus and coach mobility solutions, offering a wide range of sustainable drive systems [7][8]. - The company employs nearly 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [8].

Core Viewpoint - NFI Group Inc. successfully elected ten nominees to its Board of Directors during the annual and special meeting of shareholders held on May 9, 2025, reflecting strong shareholder support for the management team [1][2]. Group 1: Election Results - Aziz Aghili received 87,281,414 votes, representing 99.07% in favor, with 820,823 votes withheld [2]. - Larry Edwards garnered 86,510,766 votes, or 98.19% support, with 1,591,471 votes withheld [2]. - Adam Gray had 80,511,713 votes, equating to 91.38% in favor, with 7,590,524 votes withheld [2]. - Paulo Cezar da Silva Nunes received 87,196,294 votes, or 98.97% support, with 905,943 votes withheld [2]. - Anne Marie O'Donovan achieved 87,134,115 votes, representing 98.90% in favor, with 968,122 votes withheld [2]. - Colin Robertson received 87,144,256 votes, equating to 98.91% support, with 957,981 votes withheld [2]. - Maryse Saint-Laurent garnered 87,247,607 votes, or 99.03% in favor, with 854,630 votes withheld [2]. - Paul Soubry achieved 87,158,525 votes, representing 98.93% support, with 943,712 votes withheld [2]. - Jannet Walker-Ford received 87,320,307 votes, equating to 99.11% in favor, with 781,930 votes withheld [2]. - Katherine Winter garnered 87,332,026 votes, or 99.13% support, with 770,211 votes withheld [2]. Group 2: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, offering a wide range of sustainable drive systems including zero-emission electric, natural gas, electric hybrid, and clean diesel [3][4]. - The company employs nearly 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [4]. - NFI's common shares trade on the Toronto Stock Exchange under the symbol NFI, and its convertible unsecured debentures trade under the symbol NFI.DB [4].

Group 1 - The company Blue Bird Corporation (NASDAQ: BLBD) is highlighted as a promising investment in the electric bus sector despite general caution in the electric vehicle market [1] - Management of Blue Bird Corporation has demonstrated strong capabilities, contributing to positive sentiment around the company's future prospects [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and the potential for value and growth in these sectors [1] - Subscribers to Crude Value Insights gain access to a stock model account, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2]

New agreement replaces existing first lien senior facilities and enhances NFI's flexibility to execute on record backlogWINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which inc ...

Company Overview - Bolloré Group reported a revenue of 782 million euros for Q1 2025, reflecting a 0.2% increase at constant scope and exchange rates, and a 4.2% increase on a reported basis compared to Q1 2024 [2][4] - The revenue growth included an additional 29 million euros from scope changes, primarily due to the acquisition of Chantelat's business by Bolloré Energy [2] Revenue by Activity - Bolloré Energy generated 675 million euros in revenue, a slight decrease of 0.2% due to lower selling prices for petroleum products, which was offset by higher sales volumes [7][8] - The industrial activities segment reported revenue of 78 million euros, up 1.5%, driven by increased sales of 6-meter buses and growth in film revenue, despite a decline in specialized terminals [7][8] - Other sectors, including Agricultural Assets and Holdings, saw a significant increase in revenue, reaching 29 million euros, which is a 40.2% rise [4] Recent Events - Bolloré SE filed three alternative buyout offers followed by mandatory squeeze-outs for shares of Compagnie du Cambodge, Financière Moncey, and Société Industrielle et Financière de l'Artois on September 13, 2024 [5] - The Autorité des marchés financiers (AMF) declared these offers non-compliant on April 17, 2025, with further grounds to be published later [6] - A Paris Court of Appeal ruling on April 22, 2025, determined that Bolloré SE controls Vivendi SE, which may affect future public buyout offers related to Vivendi [10] Share Repurchase Program - On March 17, 2025, Bolloré SE's Board of Directors decided to cancel 21,374,391 treasury shares purchased under the share buyback program [11] - Following this cancellation, Bolloré SE holds 16.1 million shares, acquired for 86.3 million euros, representing 0.6% of the share capital as of April 25, 2025 [12]

Core Viewpoint - NFI Group Inc. has secured two firm orders from Durham Region Transit, including seven battery-electric buses and 36 clean-diesel buses, emphasizing its commitment to sustainable transit solutions in Canada [1][3]. Company Overview - NFI Group Inc. is a leading independent bus and coach manufacturer, specializing in zero-emission electric mass mobility solutions [1][8]. - New Flyer Industries Canada ULC, a subsidiary of NFI, has been a trusted partner to DRT since 1988, focusing on safe and reliable public transit solutions [3]. Orders and Manufacturing Initiatives - The orders from DRT include seven Xcelsior CHARGE NG™ 40-foot battery-electric buses and 36 Xcelsior 40-foot clean-diesel buses, enhancing DRT's fleet [1][7]. - The Xcelsior CHARGE NG buses will be among the first manufactured under New Flyer's All-Canadian Build initiative, which aims to increase production capacity by up to 240 equivalent units annually and create 250 new green jobs in Manitoba [4]. Technological Advancements - The Xcelsior CHARGE NG bus features high-energy batteries, advanced protective battery packaging, and a lightweight electric traction drive system with up to 90% energy recovery [5]. Industry Position - NFI leads the electrification of mass mobility globally, offering a wide range of sustainable drive systems, including zero-emission electric, natural gas, electric hybrid, and clean diesel [8][9]. - NFI supports an installed base of over 100,000 buses and coaches worldwide, with a workforce of over 9,100 team members across ten countries [9].