12:05 PM EDT, 03/27/2024 (MT Newswires) -- Boyd Group Services Inc. ( BYDGF ) Wednesday announced that it has extended its existing revolving credit facilities in the aggregate amount of US$550 million for a four-year term, with an accordion feature which can increase the credit facilities to a maximum of US$850 million.

The facilities will mature in March 2028.

"The amended credit facilities provide Boyd with continued financial flexibility," said Jeff Murray, Executive Vice President and Chief Financial Officer of the Boyd Group, in a statement. "These financing arrangements, along with our strong balance sheet, will enable us to continue executing our growth strategy and building shareholder value."

The existing US$125 million Term Loan A maturing in March 2027 remains unchanged.

The lending institutions participating in the facilities include The Toronto-Dominion Bank as lead arranger, Bank of America, National Bank of Canada, The Bank of Nova Scotia, and Canadian Imperial Bank of Commerce.

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