Boyd Group Income Fund increased its existing revolving credit facility to $300 million, with an accordion feature which can increase the facility to a maximum of $450 million on terms that allow the fund greater financial flexibility.

The facility will mature in May 2022.

“We continue to see many attractive opportunities in the market to make accretive acquisitions and execute on our growth strategy,” said Pat Pathipati, EVP and CFO of the Boyd Group. “This expanded facility, along with flexible covenants and an extended maturity, positions us well to take advantage of those opportunities.”

The lending institutions participating in the facility continue to include TD Bank as lead arranger, Bank of America, National Bank of Canada and Scotiabank.

The Winnipeg-based Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes of acquiring and holding certain investments.