Business
NFI Group Amends Agreement with Coliseum Capital Management
Provides Coliseum flexibility to increase its ownership up to 25% of NFI’s outstanding sha...
About this update from Nfi Group Inc.
[{"type":"text","content":"NFI Group Amends Agreement with Coliseum Capital Management\nProvides Coliseum flexibility to increase its ownership up to 25% of NFI’s outstanding shares  Reflects long-term support and confidence of NFI’s largest shareholder WINNIPEG. Manitoba, Dec. 19, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leader in bus and coach mobility solutions, today announced that its Board of Directors (the “Board”) has approved an amendment to its existing Investment Agreement entered into in May 2023 (as amended, the “Amended Agreement”) with Coliseum Capital Management, LLC, as manager of certain funds and accounts (collectively, “Coliseum”). Under the terms of the Amended Agreement, Coliseum has the flexibility to increase its total ownership up to a maximum of 25% of NFI’s issued and outstanding common shares (up from 20% previously). This flexibility under the Amended Agreement will end no later than December 31, 2026, after which additional purchases by Coliseum above the 20% threshold will again require Board approval. Coliseum currently owns or controls 23,742,937 shares, representing approximately 19.9% of NFI’s shares. Through this Amended Agreement NFI is not selling any new shares and will not receive any proceeds should Coliseum increase its investment, as their purchases would occur through purchases from existing shareholders. While Coliseum has the flexibility to increase its total ownership it has not committed to purchasing any shares of NFI. Under the Amended Agreement, Coliseum has agreed to vote any incremental shares purchased above its current holdings of 19.9% in favour of any matter put forward or recommended by management and the Board, and against any other matter. “NFI’s Board and management deeply appreciate Coliseum’s long-standing partnership and collaborative approach to driving shareholder value,” said Colin Robertson, NFI’s Board Chair. “Since first investing in the Company nearly two decades ago, Coliseum has leaned in to support NFI’s long-term success at numerous critical junctures. The Amended Agreement is a testament to Coliseum’s continued confidence in our strategic direction as we lev...