MONTRÉAL, June 20, 2018 /CNW Telbec/ - Boralex Inc. (TSX: BLX) ("Boralex") today announced
the closing of the transaction, announced on April 20, 2018, to acquire the Kallista Energy Investment SAS
portfolio, consisting of 163 MW in operation, 10 MW under construction and a 158 MW pipeline, for
approximately €129 million (C$198 million).
The cash-only consideration was drawn down under Boralex's existing revolving credit facility. In order to finance this
acquisition over the longer term, Boralex will use the $100 million available under Tranche B of the subordinated credit
facility put in place on March 29, 2018. Tranche B is expected to be drawn down in July 2018.
"I'm delighted with the closing of this transaction," said Patrick Lemaire, President and Chief Executive Officer of
Boralex. "Boralex has strengthened its position as France's largest independent wind power
producer with an installed capacity of 772 MW, while significantly improving its growth prospects in light of the very
ambitious renewable energy development goals set by the French government."
"With this acquisition, Boralex stands to benefit from numerous operational synergies, while fully capitalizing on its unique
and integrated model as developer, prime contractor and operator of its projects," said Patrick Decostre, Vice-President and
General Manager, Boralex Europe.
The addition of the 15 projects acquired in connection with this transaction increases Boralex's total installed capacity in
France to 799 MW.
About Boralex
Boralex develops, builds and operates renewable energy power facilities in Canada,
France, the United Kingdom 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. It drives sustained growth through a geographic and segment
diversification approach and over 25 years of expertise. Boralex's shares and convertible debentures are listed on the Toronto
Stock Exchange under the ticker symbols BLX and BLX.DB.A. More information is available at www.boralex.com or www.sedar.com Follow us on Facebook, LinkedIn and Twitter.
Caution regarding forward-looking statements
Some of the statements contained in this press release, including those regarding future results and performance, are
forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to
point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the
measures it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the
degree of realization of a particular forward-looking statement. The main factors that could lead to a material difference
between the Corporation's actual results and the forward-looking financial information or expectations set forth in the
forward-looking statements include, but are not limited to, the general impact of economic conditions, currency fluctuations,
volatility in energy selling prices, the Corporation's financing capacity, competition, changes in general market conditions, the
regulations governing the industry and raw material price increases and availability, regulatory disputes and other issues
related to projects in operation or under development, well as certain other factors described in the documents filed by
the Corporation with the different securities commissions.
Unless otherwise specified by the Corporation, the forward-looking statements do not take into account the possible impact on
its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are
made.
There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by
forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless
required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise
forward-looking statements to reflect new information, future events or other changes.
The data expressed as a percentage is calculated using amounts in thousands of dollars.
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SOURCE Boralex Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2018/20/c7908.html