Boyd Group Services Inc. Completes Bought Deal

Boyd Group Services Inc. (the Boyd Group) recently announced it has closed its previously announced bought deal financing consisting of 1,100,000 shares that cost $183 per share.

According to the company, the bought deal was led by CIBC Capital Markets, Cormark Securities Inc., Goldman Sachs and National Bank Financial Inc., acting as co-leads and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the Underwriters). Prior to the closing, the Underwriters exercised their over-allotment option in full, acquiring an additional 165,000 Shares, which increased the amount of gross proceeds realized under the Offering to $231,495,000. The Boyd Group intends to use the bought deal’s net proceeds to fund potential future acquisition opportunities, according to the company’s release.

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