July 27 (Reuters) - NFI Group Inc NFI.TO :
* NFI GROUP - ANNOUNCED "NFI FORWARD", EXPECTED TO GENERATE MORE THAN $75 MILLION IN ANNUALIZED COST SAVINGS BY END OF 2022
* NFI GROUP INC - NFI FORWARD IS EXPECTED TO DELIVER AN 8% TO 10% REDUCTION TO BOTH MANUFACTURING OVERHEAD AND GENERAL AND ADMINISTRATIVE EXPENSES
* NFI GROUP - EXECUTED PERMANENT WORKFORCE REDUCTION OF OVER 400 POSITIONS AT MCI, CARFAIR & NFI PARTS SINCE MARCH 2020
* NFI GROUP - EXECUTED REDUCTION IN PLANNED 2020 CAPITAL EXPENDITURES FROM $45 MILLION TO $25 MILLION SINCE MARCH 2020
* NFI GROUP - SECURED SUCCESSFUL COVENANT RELIEF ON $1.25 BILLION REVOLVING CREDIT FACILITY
* NFI GROUP INC - OBTAINING ADDITIONAL LIQUIDITY THROUGH NEW $250 MILLION SIDECAR CREDIT FACILITY
* NFI GROUP - IMPLEMENTED GBP 50 MILLION REVOLVING CREDIT FACILITY FOR INTERNATIONAL OPERATIONS
* NFI GROUP - EXPECTS TO MAINTAIN ITS CURRENT DIVIDEND RATE
* NFI GROUP INC - DOES NOT EXPECT TO UTILIZE INCREMENTAL SIDECAR CREDIT FACILITY
* NFI GROUP - CURRENTLY HAS ABOUT $440 MILLION IN AVAILABLE LIQUIDITY FOLLOWING $100 MILLION WORKING CAPITAL INVESTMENT