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Innergex Renewable Energy issues C$150M of debentures

Innergex Renewable Energy Inc. issued C$150 million of 4.75% convertible unsecured subordinated debentures due June 30, 2025, at a price a price of C$1,000 per debenture.

The company plans to use the net proceeds to reduce drawings under a credit facility, which will then be available to be drawn, as required, to fund future acquisitions, development projects and for general corporate purposes.

The syndicate of underwriters was led by TD Securities Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.