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Innergex Renewable Energy Inc (INE.TO)

INE.TO on Toronto Stock Exchange

24.02CAD
30 Oct 2020
Change (% chg)

$-0.40 (-1.64%)
Prev Close
$24.42
Open
$24.29
Day's High
$24.53
Day's Low
$23.80
Volume
743,739
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$26.60
52-wk Low
$13.97

Latest Key Developments (Source: Significant Developments)

Innergex Renewable Energy Completes $570 Mln Long-Term Financing
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX COMPLETES $570 MILLION LONG-TERM FINANCING OF FOUR CARTIER WIND FARMS.INNERGEX RENEWABLE ENERGY INC - PROCEEDS USED TO REPAY EXISTING $94.1 MILLION PROJECT FINANCING ON THREE WIND FARMS.INNERGEX RENEWABLE ENERGY INC - PROCEEDS ALSO USED TO REPAY $400 MILLION ONE-YEAR SECURED BRIDGE LOAN OBTAINED ON OCTOBER 24, 2018.INNERGEX RENEWABLE ENERGY INC - BALANCE OF PROCEEDS OF $69.0 MILLION APPLIED TOWARDS DELEVERAGING CORPORATE CREDIT FACILITIES.INNERGEX RENEWABLE ENERGY INC - CARTIER CREDIT FACILITY HAS A TERM OF 14 YEARS..INNERGEX RENEWABLE ENERGY INC - INNERGEX HAS HEDGED 100% OF INTEREST RATE WITH LENDERS FOR DURATION OF CARTIER CREDIT FACILITY.INNERGEX RENEWABLE ENERGY INC - ALL-IN INTEREST RATE FOR LOAN IS FIXED AT AROUND 4.33% FOR 14 YEARS..INNERGEX RENEWABLE ENERGY - BAIE-DES-SABLES WIND FARM ISN'T INCLUDED TO SECURE CARTIER CREDIT FACILITY AS IT SECURES CORPORATE REVOLVING CREDIT FACILITIES.INNERGEX RENEWABLE ENERGY - AMENDED, RESTATED ITS CORPORATE FACILITIES TO ADJUST SECURITY PACKAGE AND EXTEND MATURITY DATE FROM DEC 2022 TO DEC 2023.  Full Article