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BOYD GROUP SERVICES INC. EXTENDS REVOLVING CREDIT FACILITIES
BOYD GROUP SERVICES INC. EXTENDS REVOLVING CREDIT FACILITIES Canada NewsWire ...
About this update from Boyd Group Services Inc
[{"type":"text","content":"\n \n \n \n BOYD GROUP SERVICES INC. EXTENDS REVOLVING CREDIT FACILITIES\n \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 Canada NewsWire\n \n \n \n \n \n /Not for distribution to U.S. newswire services or for dissemination in\n \n the United States\n \n /\n \n \n \n \n \n WINNIPEG, MB\n \n \n ,\n \n \n March 27, 2024\n \n \n /CNW/ - Boyd Group Services Inc. (TSX: BYD) (\"BGSI\", \"Boyd\" or \"the Boyd Group\") today announced that it has extended its existing revolving credit facilities in the aggregate amount of\n \n US$550 million\n \n for a four-year term, with an accordion feature which can increase the credit facilities to a maximum of\n \n US$850 million\n \n (the \"Facilities\"). The Facilities will mature in\n \n March 2028\n \n . The existing\n \n US$125 million\n \n Term Loan A maturing in\n \n March 2027\n \n remains unchanged.\n \n \n \"The amended credit facilities provide Boyd with continued financial flexibility,\" said\n \n Jeff Murray\n \n , Executive Vice President and Chief Financial Officer of the Boyd Group. \"These financing arrangements, along with our strong balance sheet, will enable us to continue executing our growth strategy and building shareholder value.\"\n \n \n The lending institutions participating in the Facilities include The Toronto-Dominion Bank as lead arranger, Bank of America, National Bank of\n \n Canada\n \n , The Bank of\n \n Nova Scotia\n \n , and Canadian Imperial Bank of Commerce.\n \n \n \n \n About Boyd Group Services Inc.\n \n \n \n Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Boyd Group Services Inc. shares trade on the Toronto Stock Exchange (\"TSX\") under the symbol BYD.TO. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at\n \n https://www.boydgroup.com\n \n .\n \n \n \n \n About The Boyd Group Inc.\n \n \n \n The Boyd Group Inc. (the \"Company\") is one of the largest operators of non-franchised collision repair centres in\n \n North America\n \n in terms of numb...