Business
Boyd Group Services Inc. Amends Revolving Credit Facilities
Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) ("BGSI", "the Boyd Group", "Boyd" or the "Company") today announced that it has amended its existing credit facilities to, among other things, (i) increase its revolving credit facilities to US$675 million, with an accordion feature which can increase the credit facilities to a maximum of US$1.075 billion (the "Facilities"), and (ii) facilitate the Company's acquisition of Joe Hudson's Collision Center (the "Acquisition"). The amendments provide m
About this update from Byd Company Limited Class A
[{"type":"text","content":"WINNIPEG, MB, Dec. 9, 2025 /CNW/ - Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) ("BGSI", "the Boyd Group", "Boyd" or the "Company") today announced that it has amended its existing credit facilities to, among other things, (i) increase its revolving credit facilities to US$675 million, with an accordion feature which can increase the credit facilities to a maximum of US$1.075 billion (the "Facilities"), and (ii) facilitate the Company's acquisition of Joe Hudson's Collision Center (the "Acquisition"). The amendments provide more favorable pricing and flexibility while maintaining the existing maturity of August 2030. The existing US$125 million Term Loan A maturing in March 2027 remains unchanged.","length":798,"tagName":"p"},{"type":"text","content":"The lending institutions participating in the Facilities include The Toronto-Dominion Bank, National Bank of Canada, and Royal Bank of Canada as co-lead arrangers and lenders, as well as Bank of America, The Bank of Nova Scotia and Canadian Imperial Bank of Commerce as lenders.","length":283,"tagName":"p"},{"type":"text","content":"The Company intends to partially draw upon the amended Facilities, in combination with the proceeds from the Company's recently completed common share and senior unsecured notes offerings, to finance the Acquisition. The Acquisition continues to progress through the customary closing conditions and regulatory requirements.","length":328,"tagName":"p"},{"type":"text","content":"About Boyd Group Services Inc.","length":30,"tagName":"p"},{"type":"text","content":"Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD and on the New York Stock Exchange under the symbol BGSI.","length":232,"tagName":"p"},{"type":"text","content":"About The Boyd Group Inc.","length":25,"tagName":"p"},{"type":"text","content":"The Boyd Group Inc. ("Boyd") is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive as well as in the U.S. under the trade name Gerber Collision ...