trending Market Intelligence /marketintelligence/en/news-insights/trending/se-k0ymmar_xkgos6spylw2 content esgSubNav
In This List

Boralex selling C$180M subscription receipts to help fund Quebec wind farm deal

Video

See the Big Picture: Energy Transition in 2024

Podcast

IR in Focus | Episode 10: Capital Markets Outlook

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Blog

The Big Picture: 2024 Energy Transition Industry Outlook


Boralex selling C$180M subscription receipts to help fund Quebec wind farm deal

Boralex Inc. is selling approximately C$180.0 million worth of subscription receipts to help fund its proposed acquisition of Invenergy Renewables LLC's economic interests in five wind energy facilities totaling 201 MW in Quebec.

The acquisition involves the Invenergy LLC subsidiary's 51% interest in the two phases of the 156.9-MW Des Moulins facility and 139-MW Le Plateau I facility, a 59.96% interest in the project limited partnership, a 51% interest in the general partner of the 21-MW Le Plateau II facility and a 50% interest in the 75-MW Roncevaux Wind facility.

Boralex is offering 8,911,000 subscription receipts at C$20.20 apiece. Underwriters may exercise their overallotment option by purchasing up to 1,336,650 of additional subscription receipts.

National Bank Financial Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., TD Securities Inc., Cormark Securities Inc. and Industrial Alliance Securities Inc. are serving as underwriters of the offering.

The offering is set to close by July 11, according to a July 4 filing.