The latest announcement is out from NFI Group Inc ( (TSE:NFI) ).
NFI Group Inc. has secured a new $845 million first lien senior credit facility, replacing its existing credit arrangements to enhance financial flexibility and liquidity. This move is aimed at supporting the company’s operational performance and addressing its record backlog, with the facility offering improved covenants and the potential for further refinancing opportunities.
Spark’s Take on TSE:NFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.
NFI Group Inc’s overall score reflects a company in recovery, with strong order backlog and strategic moves towards sustainable transport. However, profitability issues, high leverage, and valuation concerns remain substantial risks. Positive earnings call highlights and corporate events provide optimism, but caution is warranted due to potential external challenges.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, focusing on providing flexible and innovative transportation options across various markets.
Average Trading Volume: 319,424
Technical Sentiment Signal: Sell
Current Market Cap: C$1.45B
Learn more about NFI stock on TipRanks’ Stock Analysis page.