Innergex Renewable Energy Inc. completes C$212M public and private offering
February 22, 2022
212.80 Million CAD
On February 22, 2022, Innergex Renewable Energy Inc. ("Innergex") completed a C$212.8 million placement offering. The underwriters, CIBC Capital Markets, National Bank Financial Inc., BMO Capital Markets, and TD Securities Inc, have agreed to purchase 8,451,000 common shares at an offering price of $17.75 per share for gross proceeds of C$150 million to Innergex.. Innergex also entered into a subscription agreement with HQI Canada Holding Inc., a subsidiary of Hydro-Québec, to purchase 2,100,000 common shares for gross proceeds of C$37 million to Innergex.
Innergex Renewable Energy Inc. is an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and geothermal power generation plants. As a global corporation, Innergex conducts operations in Canada, the United States, France, Chile and Iceland.
McCarthy Tétrault advised Innergex with a team led by Philippe Leclerc that included Hadrien Montagne, Isabelle Nazon, Romarick Prats (Business), and Annie Poirier-Simard.