CA - NFI Group announces $150M private placement

2023-05-11 08:32:23 ET

• NFI Group ( OTCPK:NFYEF ) has entered into an investment agreement with Coliseum Capital Management as manager of certain funds and accounts, current holder of 12.4% of NFI’s shares.
• Coliseum has agreed to subscribe for and purchase from the company an aggregate of 24.36M shares, on a private placement basis, at a subscription price of $6.1567.
• Gross proceeds to NFI of $150M.
• Net proceeds will be used to repay outstanding indebtedness under NFI’s existing credit facilities and for working capital and general corporate purposes.
• The private placement is expected to close on June 30, 2023.

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