Boralex Inc. and Energy Infrastructure Partners, co-shareholders of Boralex’s activities in France, have announced the closing of €1.45 billion ($1.65 billion) in financing.
Boralex and EIP hold 70 percent and 30 percent stakes, respectively, in the French platform.
With the transaction, Boralex moves from a multi-borrower debt structure to a single platform financing covering its entire French operations, providing enhanced flexibility to support the company’s strategy in France centered around growth, efficiency and long-term differentiation.
One of the largest debt packages for a renewable energy platform in Europe this year, the transaction strengthens Boralex’s capacity to efficiently deploy capital and scale its platform in France.
The financing, totaling €1.453 billion ($1.66 billion), includes an €811 million ($924 million) term loan for existing assets; a €450 million ($513 million) capital expenditure line facility with a 22-year t
