Boyd Group Income Fund announced it has increased its existing revolving credit facility to $150 million, with an accordion feature which can increase the facility to a maximum of $250 million on terms and pricing more favorable to Boyd. The facility will mature in July 2020.

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

“This new credit facility will increase our financial flexibility,” said 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.”

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