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.
