Canada NewsWire
MONTRÉAL, July 31, 2017
MONTRÉAL, July 31, 2017 /CNW Telbec/ - 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.
View original content: http://www.newswire.ca/en/releases/archive/July2017/31/c2644.html