NFI Group received an extension for the completion of the required amendments and financial covenant waivers under its existing North American senior secured credit facility to Aug. 25 and Aug. 31, respectively, to support the completion of its refinancing plan.
NFI Group, a bus and coach manufacturer completed the amendments to the company’s existing senior revolving credit facility and its revolving UK credit facility.
NFI Group, an independent bus and coach manufacturer and a provider of electric mass mobility solutions, provided an update on proposed amendments to its credit facilities, including relief from existing covenants.
NFI Group amended its existing $1.25 billion senior revolving credit facility and £50 million ($61 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the revolver and HSBC UK is the administrative agent for the UK facility.