CA - NFI announces increase of bought deal public offering of subscription receipts
2023-05-31 12:20:13 ET
- NFI Group ( TSX: NFI:CA ) has announced that the Co. has increased the size of the previously announced “bought deal” public offering of subscription receipts to 13.13M subscription receipts at a price of C$8.25/Subscription Receipt, for aggregate gross proceeds of ~C$108M .
- The Co. has also granted the underwriters an over-allotment option to purchase up to an additional 1,969,950 Subscription Receipts, representing 15% of the size of the Offering.
- The Co. intends to use the net proceeds to repay outstanding indebtedness under NFI’s existing credit facilities and for working capital and general corporate purposes.
- Closing of the Offering is expected to occur on or about June 6, 2023.
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NFI announces increase of bought deal public offering of subscription receipts