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Boyd Group Services Priced C$525 Million Senior Unsecured Note Offering

BY MT Newswires | CORPORATE | 10/31/25 06:22 AM EDT

06:22 AM EDT, 10/31/2025 (MT Newswires) -- Boyd Group Services (BGSI) overnight Thursday announced that it has priced a private placement offering of C$525 million principal amount of senior unsecured notes due 2030 of the company, at a price of C$1,000 per C$1,000 principal amount of notes, with an interest rate of 5.50% per annum, payable semi-annually in arrears on November 6 and May 6, commencing on May 6, 2026.

BGSI said it intends to use the net proceeds from the offering, together with proceeds from the company's previously announced equity offering, to partially fund the purchase price for the acquisition of Joe Hudson's Collision Center.

In connection with the closing of the offering and the closing of the company's US$780 million common share offering, which was announced on October 29, 2025 and is expected to close on November 4, 2025, the bridge facility commitments obtained by the company as a source of interim financing for the acquisition will be fully cancelled and replaced with the aggregate net proceeds of the equity offering and the offering. The closing of the acquisition is expected to occur in the fourth quarter of 2025, subject to customary closing conditions and regulatory requirements.

Shares in Boyd gained 6.5% in Canada yesterday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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