Core Viewpoint - NFI Group Inc. has amended its Investment Agreement with Coliseum Capital Management, allowing Coliseum to increase its ownership stake in NFI up to 25% from the previous 20% [1][2] Group 1: Investment Agreement Details - The Amended Agreement grants Coliseum the flexibility to raise its total ownership to a maximum of 25% of NFI's issued and outstanding common shares, with the flexibility expiring no later than December 31, 2026 [2] - Coliseum currently owns approximately 19.9% of NFI's shares, equating to 23,742,937 shares [2] - NFI will not issue new shares or receive proceeds from any increase in Coliseum's investment, as purchases will be made from existing shareholders [2] Group 2: Voting and Support - Coliseum has agreed to vote any additional shares purchased above its current holdings in favor of management and Board recommendations, and against any other matters [3] - NFI's Board and management express appreciation for Coliseum's long-term partnership and support in driving shareholder value [4] Group 3: Company Overview - NFI is a leader in bus and coach mobility solutions, offering a range of propulsion-agnostic platforms, including electric models [5] - The company employs over 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [6] - 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 [6]

Core Viewpoint - NFI Group Inc. has appointed John Sapp as the new President and CEO, succeeding Paul Soubry, who is retiring after 16 years, marking a significant leadership transition aimed at driving the company's next phase of growth and operational execution [2][3][5]. Leadership Transition - John Sapp will officially take over as President and CEO on January 1, 2026, and will also join the Board of Directors on the same day [6]. - Paul Soubry, who has been with NFI since 2009, will step down from the Board but will continue to support the company in an advisory role for the next year to ensure a smooth transition [6][7]. John Sapp's Background - John Sapp brings extensive experience from Eaton Corporation, where he was President of the Aerospace division, leading a global team of over 12,000 employees and achieving record revenue and operating profits in 2025 [3]. - His previous roles include Vice President and General Manager at Collins Aerospace and over 11 years at GE Aviation, showcasing a strong background in complex manufacturing and aftermarket services [3][4]. Company Performance and Strategy - Under Paul Soubry's leadership, NFI transformed into a market leader in bus and coach solutions, expanding into new markets and strengthening relationships with major transit agencies [5]. - NFI currently has a backlog of $13 billion, reflecting its strong market position and commitment to innovation and customer focus [7]. - The company emphasizes enhancing customer experience, improving operational performance, and driving growth as key focus areas under the new leadership [5]. Company Overview - NFI Group is a leading global manufacturer of mass mobility solutions, operating under various brands including New Flyer, MCI, and Alexander Dennis Limited [9]. - The company offers a wide range of propulsion agnostic bus and coach platforms, including electric models, and supports an installed base of over 100,000 buses and coaches worldwide [8][9].

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 ...