Free press releases distribution network?

Agency / Source: New Flyer Industries, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



New Flyer Announces Completion of Redemption of 14% Subordinated Notes and Declares August Dividend - New Flyer Industries, Inc. and New Flyer Industries Canada ULC announced that NFI ULC has completed the redemption of all of its outstanding 14.0% subordinated notes, including those held separately and those held in the form of an IDS
New Flyer Announces Completion of Redemption of 14% Subordinated Notes and Declares August Dividend

 

PRZOOM - /newswire/ - Winnipeg, Manitoba, Canada, 2012/08/20 - New Flyer Industries, Inc. and New Flyer Industries Canada ULC announced that NFI ULC has completed the redemption of all of its outstanding 14.0% subordinated notes, including those held separately and those held in the form of an IDS. TSX: NFI.DB.U

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

(TSX:NFI, TSX:NFI.DB.U) New Flyer Industries, Inc. (“NFI”) and New Flyer Industries Canada ULC (“NFI ULC”, together with NFI, the “Company” or “New Flyer”) announced today that NFI ULC has completed the redemption of all of its outstanding 14.0% subordinated notes (the “Subordinated Notes”), including those held separately and those held in the form of an income deposit security (“IDS”), in accordance with the terms of the trust indenture governing the Subordinated Notes. The Subordinated Notes were redeemed for a total price of C$58.4812 per C$55.30 principal amount of Subordinated Notes, representing a redemption price of C$58.065 per C$55.30 principal amount of Subordinated Notes (or 105% of principal), plus all accrued and unpaid interest to and including the redemption date.

The common shares of NFI (the “Shares”) forming part of an IDS will commence trading separately at the open of markets today and continue to be listed (together with the current separately-traded Shares) on the Toronto Stock Exchange (the “TSX”) under the trading symbol “NFI”. The IDSs are expected to be de-listed from the TSX at the close of markets today. As previously announced, NFI ULC now intends to apply to cease to be a reporting issuer under the securities laws of each province and territory of Canada.

Non-registered holders (banks, brokerage firms or other financial institutions) who held their interests in IDSs or Subordinated Notes through CDS should contact their CDS customer services representative with any questions about the redemption. Beneficial holders, including retail investors, with any questions about the redemption should contact their brokerage firm or financial institution which held their interests in the IDSs or Subordinated Notes on their behalf.

As previously announced, the board of directors of NFI has approved a new annual dividend rate of C$0.585 per Share, effective for dividends declared following the redemption of the Subordinated Notes. NFI today declared a dividend on the Shares in the amount of C$0.04875 per Share, which will be payable on September 17, 2012, to holders of record at the close of business on August 31, 2012. The dividends on the Shares are designated as “eligible dividends” for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

About New Flyer
New Flyer (newflyer.com) is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three manufacturing facilities – in Winnipeg, MB; St. Cloud, MN; and Crookston, MN – are all ISO 9001, ISO 14001 and OHSAS 18001 certified. The Company currently operates a parts fabrication facility in Elkhart, IN and four parts distribution centers in Winnipeg, MB; Erlanger, KY; Fresno, CA and Brampton, ON.

With a skilled workforce of over 2,000 employees, New Flyer is a technology leader, offering the broadest product line in the industry, including drive systems powered by clean diesel, LNG, CNG and electric trolley as well as energy-efficient diesel-electric hybrid vehicles. New Flyer has delivered over 31,000 heavy-duty buses in Canada and the United States. All products are supported with an industry-leading, comprehensive parts and service network.

The Shares and convertible debentures of NFI are traded on the TSX under the symbols NFI and NFI.DB.U, respectively.

Forward-Looking Statements
This press release contains forward-looking statements relating to expected future events and financial and operating results of New Flyer that involve risks and uncertainties. The words “believes”,“anticipates”,“plans”,“expects”,“intends”,“projects”,“estimates” and similar expressions are intended to identify forward looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to exercise options for buses and to purchase parts or services, the covenants contained in NFI ULC’s senior credit facility, as amended, could impact the ability of New Flyer to continue to fund dividends and take certain other actions, and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at sedar.com. Due to the potential impact of these factors, New Flyer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: New Flyer Industries, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


New Flyer Announces Completion of Redemption of 14% Subordinated Notes and Declares August Dividend

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
New Flyer Industries Inc. |
Contact: Glenn Asham - NewFlyer.com 
204-224-1251 investor[.]newflyer.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any New Flyer Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From New Flyer Industries, Inc. / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today