MONTRÉAL, July 31, 2017 /PRNewswire/ - Boralex Inc.
("Boralex" or the "Company") (TSX: BLX) announces the closing of
financing of €46.4 million (CA$67.9 million) for the
Chemin de Grès wind farm in France's Nord department.
The long-term financing of the 30 MW Chemin de Grès wind farm
located in the communes of Viesly and Saint-Python is provided by a
syndicate of lenders led by Crédit Industriel et Commercial, which
is also acting as agent, lender and hedge bank, Bpifrance
Financement S.A., as lender, and Arkea Banque Entreprise et
Institutionnels, as hedge bank. The financing comprises, among
other things, tax-free long-term financing of €40 million
(CA$58.5 million) and VAT credit financing of
€6.4 million (CA$9.4 million). In light of the swaps put
in place, the €40 million loan will bear interest at an
average rate of around 2.05 %. It will be amortized over a
fifteen (15) year period.
The commissioning of the Chemin de Grès wind farm project is
slated for late 2017.
To learn more about the Chemin de Grès wind farm, visit:
www.boralex.com/projects/chemindegres
About Boralex
Boralex develops, builds and operates renewable energy power
facilities in Canada, France and the
United States. A leader in the Canadian market and
France's largest independent
producer of onshore wind power, the Corporation is recognized for
its solid experience in optimizing its asset base in four power
generation types — wind, hydroelectric, thermal and solar. Boralex
ensures sustained growth by leveraging the expertise and
diversification developed over the past 25 years. Boralex's shares
and convertible debentures are listed on the Toronto Stock Exchange
under the ticker symbols BLX and BLX.DB.A, respectively. More
information is available at www.boralex.com or
www.sedar.com. Follow us on Facebook, LinkedIn and
Twitter.
SOURCE Boralex Inc.