TSX:NFIMachinery
How Investors May Respond To NFI Group (TSX:NFI) Reshaping Its Debt With New Notes And Credit Extension
NFI Group Inc. recently completed an agreement to issue CA$350,000,000 of senior unsecured notes due 2033 at 6.625% interest, while amending and extending its first lien senior revolving credit facility to mature in 2030 with more flexible terms.
The company plans to use the new notes to refinance existing borrowings, including its first lien facility and upcoming convertible debenture repayment, reshaping both its debt profile and liquidity.
We’ll now examine how this large unsecured notes...