Date Closed

June 12, 2018

Lead Office

Montréal

Value

150.00 Million CAD

On June 12, 2018, Innergex Renewable Energy Inc. announced that it has completed the C$150 million offering of convertible unsecured subordinated debentures on a bought deal basis. The syndicate of underwriters, which included TD Securities Inc., CIBC Capital Markets, BMO Capital Markets and National Bank Financial Inc., has been granted an over-allotment option to purchase, for a period of 30 days from the closing of the offering, up to $22.5 million principal amount of additional debentures at the offering price of $1,000 per debenture, to cover over-allotments, if any.

Innergex is a global renewable energy company that develops, acquires, owns and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms and geothermal power generation plants. The proceeds from the offering will be used to reduce drawings under Innergex's revolving term credit facility.

McCarthy Tétrault LLP advised Innergex with a team led by Philippe Fortier that included Patrick Boucher, Xin Gao and Isabelle Nazon.