Boyd Group Services Inc. announces closing of C$275 million senior unsecured note offering

Executive Summary

• Boyd Group Services Inc. has successfully closed a private placement offering of C$275 million in principal amount of senior unsecured notes due 2033.
• The net proceeds from the offering are intended to be used to repay existing indebtedness.
• The notes were underwritten by a syndicate led by National Bank Financial Markets and TD Securities, with CIBC Capital Markets as a joint passive bookrunner.

Key Details

• Transaction Type: Private placement offering of senior unsecured notes.
• Principal Amount: C$275 million.
• Instrument: Senior unsecured notes due 2033.
• Use of Proceeds: Repayment of existing indebtedness.
• Underwriters:
  • Joint Active Bookrunners: National Bank Financial Markets and TD Securities.
  • Joint Passive Bookrunner: CIBC Capital Markets.
• Offering Structure: Offered for sale in Canada on a private placement basis and to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933.
• Registration Status: The notes have not been and will not be registered under the U.S. Securities Act; they may not be offered, sold, or delivered in the United States absent registration or an applicable exemption.