10 Aug 2022

NFI subsidiary Alexander Dennis hosts launch of Scotland’s Pathway to Zero Emission Buses

LARBERT, United Kingdom, Aug. 10, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today hosted the launch of Scotland’s Pathway to Zero Emission Buses in Larbert on behalf of the Scottish Government. Scotland’s Pathway to Zero Emission Buses is the res...
04 Aug 2022

Correction of Press Release Announcing Amendments to NFI Group’s Credit Facilities

WINNIPEG, Manitoba, Aug. 04, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”) today announced a correction to footnotes defining two covenant calculations included in a press release the Company issued on July 29, 2022. The revised footnotes below the covenant table, provided below for reference purposes, should read as follows: QuarterTLRICR2Total Net Debt to Capitalization3Minimum Cumulativ...
04 Aug 2022

Sky staff shuttles go electric with BYD ADL partnership, Dawsongroup and Cobra

Alexander Dennis (Alexander Dennis Limited, ADL) and BYD UK jointly announced today that their electric vehicle partnership, the UK’s leading electric bus producer, is working with Dawsongroup bus and coach (DGBC) and Cobra Corporate Services Limited (Cobra) to provide zero-emission transportation services for broadcasting and telecommunications group Sky. Alexander Dennis is a subsidiary of leading independent global bus manufacturer NFI Grou...
03 Aug 2022

NFI Announces Second Quarter 2022 Results

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights: 2022 Q2 revenue of $398 million; 562 equivalent units ("EUs") delivered, including 59 EUs of battery- and fuel cell-electric vehicles ("ZEBs"), which equates to 11% of total deliveries. 2022 Q2 Adjusted EBITDA(2) of ($21) million; Net Loss per Share of $0.74 and Adjusted Net Loss per Share(2) of $0.64.Ending liquidity(2) position of $629 million, with a minimum l...
29 Jul 2022

NFI Group Announces Amendments to its Credit Facilities

All monetary amounts in this press release are in U.S. dollars unless otherwise noted NFI has amended the Company's existing $1.25 billion senior revolving credit facility (the "Revolver") and its £50 million revolving UK credit facility (the "UK Facility").   The amended facilities provide NFI with relaxed covenants through 2023 as the Company navigates supply chain disruptions, heightened inflation, and other impacts of the COVID...
28 Jul 2022

NFI Announces Return of President and Chief Executive Officer Paul Soubry

WINNIPEG, Manitoba, July 28, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that NFI President and Chief Executive Officer Paul Soubry will return to his role, effective August 2, 2022, following a temporary medical leave. Paul will participate in NFI’s 2022 Q2 financial result...
12 Jul 2022

NFI’s Motor Coach Industries delivers 4 luxury coaches to Iowa’s Hawkeye Stages

          Des Plaines, Illinois, USA – July 12, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Motor Coach Industries (“MCI”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced its delivery of four luxury J4500 clean-diesel forty-five-foot motor coaches to Hawkeye Stages. Hawkeye Stages, an industry lead...
29 Jun 2022

NFI Provides Update on its Credit Facilities Amendment Discussions and Timing

WINNIPEG, Manitoba, June 29, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on discussions with its banking partners regarding amendments to the Company’s credit facilities. NFI believes the discussions are advancing well, with draft terms prepared and reviewed by NFI ...
29 Jun 2022

NFI named one of Best 50 Corporate Citizens in Canada by Corporate Knights

WINNIPEG, Manitoba, June 29, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has been ranked among Corporate Knights’ 2022 Best 50 Corporate Citizens in Canada. The Best 50 Corporate Citizens represent a rising standard and ambition for corporate sustainability leadership in Canada. To ...
21 Jun 2022

Minnesota’s Jefferson Lines orders 7 more MCI D4520 motor coaches from NFI

Des Plaines, Illinois, USA – June 21, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Motor Coach Industries (“MCI”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that Jefferson Partners L.P. (operating as “Jefferson Lines”) has exercised options for seven MCI® D4520 clean-diesel motor coaches. Jefferson Lines is one of America’s largest mot...
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