Boyd Group Announces Closing of Over-Allotment
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
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
Recovery Room. Additionally, the funds will go toward growth
for 2013. The remainder will be used for general working capital
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