Business
Boyd Group Income Fund Expands Credit Facility to US$400 Million
Boyd Group Income Fund Expands Credit Facility to US$400 Million Canada NewsWire ...
About this update from Boyd Group Services Inc
[{"type":"text","content":"\n\n\n\nBoyd Group Income Fund Expands Credit Facility to US$400 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, April 3, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n WINNIPEG, April 3, 2019 /CNW/ - Boyd Group Income Fund (TSX: BYD.UN) (\"the Fund\", \"the Boyd Group\" or \"Boyd\") today announced that it has expanded its revolving credit facility to US$400 million through the accordion feature available under its existing facility. \n\"As we execute on our long-term growth strategy, we continue to see many attractive opportunities to make accretive acquisitions,\" said Pat Pathipati, Executive Vice President and Chief Financial Officer of the Boyd Group. \"This expanded facility positions us well to take advantage of those opportunities.\" \nThe lending institutions participating in the Facility continue to include TD Bank as lead arranger, Bank of America, Bank of Nova Scotia and National Bank of Canada. \nAbout The Boyd Group Income FundThe Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes of acquiring and holding certain investments, including a majority interest in The Boyd Group Inc. and its subsidiaries. The Boyd Group Income Fund units trade on the Toronto Stock Exchange (TSX) under the symbol BYD.UN.  For more information on The Boyd Group Inc. or Boyd Group Income Fund, please visit our website at http://www.boydgroup.com/.\nAbout The Boyd Group Inc.The Boyd Group Inc. (the \"Company\"), directly and through subsidiaries, is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. The Company operates locations in five Canadian provinces under the trade name Boyd Autobody & Glass (http://boydautobody.com) and Assured Automotive (http://www.assuredauto.ca), as well as in 27 U.S. states under the trade name Gerber Collision & Glass (http://www.gerbercollision.com). The Company uses newly acquired...