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WINNIPEG, MB, Nov. 6, 2025 /CNW/ - Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) ("BGSI" or the "Company") today announced that it has successfully closed its previously announced private placement offering (the "Offering") of C$525 million principal amount of senior unsecured notes due 2030 of the Company (the "Notes"). As previously stated, the Company intends to use the net proceeds of the Offering, together with proceeds from the Company's previously announced equity offering, to partially fund the purchase price for the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services (the "Acquisition"), as previously announced on October 29, 2025, pursuant to a definitive equity purchase agreement dated October 29, 2025 (the "Purchase Agreement"). In connection with the closing of the Offering and the closing of the Company's US$897 million common share offering (the "Equity Offering"), which closed on November 4, 2025, the bridge facility commitments obtained by the Company as a source of interim financing for the Acquisition will be fully cancelled and replaced with the aggregate net proceeds of the Equity Offering and the Offering. The closing of the Acquisition is expected to occur in the fourth quarter of 2025, subject to customary closing conditions and regulatory requirements.
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