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NFI Group Announces Amendments to its Credit Facilities
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All monetary amounts in this press release are in US 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 as it recovers from the impacts of the COVID-19 pandemic.
In addition to amending the facilities, NFI cancelled the unused $250 million unsecured credit facility it entered into in April 2020 (the Sidecar ). The Sidecar was intended to provide additional liquidity, if required, which the Company believes it no longer requires.
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