NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES WINNIPEG, Manitoba, May 30, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the "Issuer"), has entered into a binding purchase agreement with a syndicate of initial purchasers and priced its previously announced private offering of senior secured notes. The Company has agreed to issue and sell to the initial purchasers $600 million in aggregate principal amount of 9.250% second lien senior secured notes due 2030 (the "Notes"). The offering is expected to close on June 13, 2025 subject to customary closing conditions.