Boyd Group Announces Closing of Over-Allotment Option
December 27, 2012

Boyd Group Income Fund (the Boyd Group), owner of Gerber Collision and Glass, has issued $4,200,000 aggregate principal amount of five year 5.75 percent convertible unsecured subordinated debentures due December 31, 2017 pursuant to an over-allotment option granted to its underwriters. This aggregate principal adds to the $30,000,000 principal amount of debentures issued on December 19.

The deal was led by National Bank Financial Inc., Cormark Securities Inc., and CIBC World Markets Inc., acting as co-leads and joint book runners and included Laurentian Bank Securities Inc., and Octagon Captial Corp.

Boyd says net proceeds from the total $34,200,000 will be used to replenish the cash balances of the company following its previous acquisitions of Autocrafters and The Recovery Room. Additionally, the funds will go toward growth for 2013. The remainder will be used for general working capital purposes.

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