Winnipeg, Manitoba -- July 23, 2015 -- Boyd Group Income Fund has announced that it has increased its existing revolving credit facility to US$150 million, with an accordion feature which can increase the facility to a maximum of US$250 million on terms and pricing more favourable to Boyd. The credit facility will mature in July 2020.
"This new credit facility will increase our financial flexibility," says Pat Pathipati, Executive Vice President and Chief Financial Officer of the Boyd Group. "This, along our strong balance sheet, will enable us to continue to execute our growth strategy and build unitholder value."
The lending institutions participating in the Facility continue to include TD Bank as lead arranger, Bank of America, National Bank of Canada and Scotiabank.
For more information, please visit boydgroup.com.