Boralex completes the refinancing of its U.S. debt
MONTREAL, Sept. 3, 2013 /PRNewswire/ - Boralex Inc. (" Boralex " or the " Corporation ") (TSX: BLX) completes, as announced on June 27, 2013, the long-term refinancing of its U.S. debt for an amount of US$90 million secured by two of its U.S. power stations.
The Corporation indicates that this non-recourse financing bears interest at an annual rate of 3.51% and will be amortized by semi-annual payments over a 12-year period.
Boralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the Corporation operates an asset base with an installed capacity of almost 500 MW in Canada, the Northeastern United States and France. Boralex is also committed under power development projects, both independently and with Canadian and European partners, to add approximately 550 MW of power that will be put in service by the end of 2015. With more than 200 employees, Boralex is known for its diversified expertise and in-depth experience in four power generation types — wind, hydroelectric, thermal and solar. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at www.boralex.com or www.sedar.com.
SOURCE Boralex Inc.