Core Viewpoint - NFI Group Inc. has successfully completed a private offering of $600 million in second lien senior secured notes, aimed at refinancing existing debt and enhancing liquidity [1][2]. Group 1: Offering Details - The offering consists of 9.250% second lien senior secured notes due in 2030, with net proceeds of approximately $591.7 million after fees and expenses [2]. - The notes will have semi-annual interest payments starting January 1, 2026, and can be redeemed at specified prices starting July 1, 2027 [4]. - The existing first lien senior credit facility has been extended to May 7, 2029, with a reduced maximum commitment of $700 million [5]. Group 2: Company Overview - NFI Group is a leader in propulsion-agnostic bus and coach mobility solutions, offering a range of sustainable drive systems including electric and natural gas options [8][9]. - The company employs nearly 9,000 team members across ten countries and supports an installed base of over 100,000 buses and coaches globally [9].