Mr. Alain Bedard reports
TFI INTERNATIONAL COMPLETES PRIVATE PLACEMENT OF US $500 MILLION SENIOR NOTES
TFI International Inc. has completed its previously announced issuance and sale of an aggregate principal amount of $500-million (U.S.) of senior notes, consisting of four tranches in a private placement transaction led by Prudential Private Capital, to entities including but not limited to Guggenheim Investments, MetLife Investment Management LLC's clients, Voya Investment Management LLC and Barings LLC. As previously announced, the financing is leverage-neutral from a net debt perspective, and TFI International intends to use the net proceeds primarily to repay existing debt, substantially extending maturities to eight to 15 years at fixed rates as well as for general corporate purposes, which may include acquisitions.
TFI International Inc.
TFI International is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments:
- Package and courier;
- Truckload; and
TFI International is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII.
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