nfi group inc shares tumbled thursday morning after the company said that a number of headwinds have hampered the companys ability to comply with certain financial covenants and that it would lower its dividend at 10 am et shares are down 18 at c1589 president and chief executive paul soubry noted that the pandemic and a challenging and escalating global supplychain environment continues to put pressure on company operations and financial performance as a result the company lowered its production rate in the first half of 2022 to limit the buildup of workinprogress inventory and focus on cost reduction the company also noted that a subsupplier to its primary north american battery supplier experienced a fire affecting its higher dollar margin products nfi said it now expects that the companys anticipated debt profile will affect the its ability to comply with certain financial covenants under its senior credit facilities including the interest coverage ratio in the near term and the total leverage covenant beginning in the second half of 2022 management is currently in discussion with banking partners to seek some relief on this front as a result of the challenges the company said that it lowered its quarterly dividend to 531 canadian cents the equivalent of 4 us cents in the fourth quarter the company reported adjusted loss came in at 21 cents a share while analysts expected a loss of 15 cents adjusted earnings before interest taxes depreciation and amortization fell by 60 to 26 million