An anonymous director reports

BOYD GROUP SERVICES INC. ANNOUNCES CLOSING OF C$525 MILLION SENIOR UNSECURED NOTE OFFERING

Boyd Group Services Inc. has successfully closed its previously announced private placement offering of $525-million principal amount of senior unsecured notes due 2030 of the company. As previously stated, the company intends to use the net proceeds of the offering, together with proceeds from the company's previously announced equity offering, to partially finance the purchase price for the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services, as previously announced on Oct. 29, 2025, pursuant to a definitive equity purchase agreement dated Oct. 29, 2025. In connection with the closing of the offering and the closing of the company's $897-million (U.S.) common share offering, which closed on Nov. 4, 2025, the bridge facility commitments obtained by the company as a source of interim financing for the acquisition will be fully cancelled and replaced with the aggregate net proceeds of the equity offering and the offering. The closing of the acquisition is expected to occur in the fourth quarter of 2025, subject to customary closing conditions and regulatory requirements.

If the closing of the acquisition has not occurred on or prior to 5 p.m. Toronto time on April 29, 2026 (or such later date as permitted in accordance with the purchase agreement), or if, prior to such time, the purchase agreement is terminated in accordance with its terms or Boyd Group Services issues a news release announcing, or notifies the trustee for the notes, that it does not intend to proceed with the acquisition, as further described in the terms of the notes, the notes will be subject to a special mandatory redemption at a price equal to 100 per cent of the principal amount of the notes, plus accrued and unpaid interest, if any, to the date of such special mandatory redemption.

The offering was underwritten by a syndicate of underwriters led by National Bank Capital Markets, TD Securities and RBC Capital Markets, as joint active bookrunners, and by CIBC Capital Markets, as joint passive bookrunner.

About Boyd Group Services Inc.

Boyd Group Services is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. The company's shares trade on the Toronto Stock Exchange under the symbol BYD and on the New York Stock Exchange under the symbol BGSI.

About The Boyd Group Inc.

Boyd is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive, as well as in the United States under the trade name Gerber Collision & Glass. In addition, Boyd is a major retail auto glass operator in the U.S., with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. Boyd also operates a third party administrator, Gerber National Claims Services, that offers glass, emergency roadside and first notice of loss services. Boyd also operates a mobile auto solutions (MAS) service that offers scanning and calibration services.

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