NFI Group priced a C$350 million private placement of senior unsecured notes. These notes carry a 6.625% interest rate and mature in 2033. The offering is expected to close on July 21, 2026.
The company concurrently extended its senior revolving credit facilities to July 14, 2030. This amendment secures more favorable terms for the company.
Net proceeds will repay the First Lien Senior Credit Facility and other existing debt. Management expects these transactions to deleverage the company and increase financial flexibility. S&P Global Ratings assigned a B rating to the new notes.