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Boyd Group Services Closes C$525 Million Notes Offering

BY MT Newswires | CORPORATE | 11/06/25 04:31 PM EST

04:31 PM EST, 11/06/2025 (MT Newswires) -- Boyd Group Services (BGSI) after trade Thursday said it closed a private placement of C$525 million in senior unsecured notes due 2030.

Proceeds, along with funds from its recent US$897-million equity offering, will be used to help finance the US$1.3-billion acquisition of Joe Hudson's Collision Center, the company added.

The takeover deal is set to close in the fourth quarter, pending regulatory approvals and customary closing conditions. If the acquisition does not close by April 29, 2026, or if the purchase agreement is terminated, the company will be required to redeem the notes at 100% of their principal amount, plus any accrued interest, under the terms of the offering, according to the statement.

Boyd shares closed down $3.39 to $211.99 on the Toronto Stock Exchange.

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

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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