The Boyd Group Income Fund (TSE:BYD.UN) announced that it has expanded its revolving credit facility to $400 million through the accordion feature available under its existing facility.
“As we execute on our long-term growth strategy, we continue to see many attractive opportunities to make accretive acquisitions,” said Pat Pathipati, Executive Vice President and Chief Financial Officer of the Boyd Group. “This expanded facility positions us well to take advantage of those opportunities.”
The Boyd Group has made several acquisitions this year, including a group of 18 collision repair centers in New York State and 11 stores in Michigan.
Subscribers need to be logged in to see this part of the content. Please Login to access. Or, if you haven't previously subscribed, click here for information on our satisfaction guaranteed subscription options.