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.
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Aug 2 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX GROWS AND BECOMES SOLE OWNER AND OPERATOR OF THE FIVE CARTIER WIND FARMS THROUGH THE ACQUISITION OF ITS PARTNER'S INTEREST.INNERGEX - OBTAINED COMMITMENTS FROM TWO LEADING CANADIAN BANKS, BMO CAPITAL MARKETS AND TD SECURITIES, TO BACKSTOP ITS EXISTING CREDIT FACILITIES.ALSO SIGNED A FINAL AGREEMENT TO ACQUIREWELL AS ITS 50% INTEREST IN OPERATING ENTITIES OF CARTIER WIND FARMS.DEAL FOR TOTAL CONSIDERATION OF APPROXIMATELY $630 MILLION.
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July 2 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX ACQUIRES LARGE-SCALE SOLAR PROJECT IN THE UNITED STATES.12-YEAR POWER PURCHASE AGREEMENT IN PLACE WITH SHELL ENERGY NORTH AMERICA.ACQUISITION OF 250MW(AC)/315 MW(DC) PHOTOVOLTAIC SOLAR PROJECT IN WINKLER COUNTY, TX, US FROM LONGROAD ENERGY PARTNERS.FULL NOTICE TO PROCEED WITH CONSTRUCTION OF 250 MW(AC)/315 MW(DC) SOLAR PROJECT ISSUED TODAY.TOTAL CONSTRUCTION COST ESTIMATED AT US$397 MILLION (C$524 MILLION).
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May 23 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX ANNOUNCES $150 MILLION CONVERTIBLE DEBENTURE OFFERING.
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Innergex Renewable Energy Inc ::INNERGEX ENTERS THE SOUTH AMERICAN RENEWABLE ENERGY MARKET BY ACQUIRING TWO HYDRO FACILITIES.INNERGEX RENEWABLE ENERGY INC - SELECTED IN BID PROCESS TO ACQUIRE IN PARTNERSHIP DUQUECO HYDRO PROJECT.INNERGEX RENEWABLE ENERGY INC - TOTAL ENTERPRISE VALUE ACQUIRED, NET OF CASH, OF US$210 MILLION.INNERGEX RENEWABLE ENERGY INC - TRANSACTION TO BE PARTLY FINANCED BY ITAÚ.INNERGEX RENEWABLE ENERGY - SIGNED EXCLUSIVITY AGREEMENT WITH ENERGÍA LLAIMA FOR A JOINT VENTURE PARTNERSHIP TO ACQUIRE A 50% STAKE IN COMPANY.INNERGEX RENEWABLE ENERGY INC - INNERGEX WOULD OWN 50% OF ENERGÍA LLAIMA FOR $110 MILLION TO BE INVESTED IN NEXT 3 YEARS.INNERGEX RENEWABLE ENERGY - ON SIGNING FINAL PARTNERSHIP AGREEMENT CO WOULD OWN 50% OF ENERGÍA LLAIMA FOR TOTAL $110 MILLION TO BE INVESTED IN NEXT 3 YRS.
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April 16 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX RENEWABLE ENERGY - ELECTRICITY PURCHASE AGREEMENT OF BROWN LAKE HYDRO FACILITY HAS BEEN RENEWED FOR A 40-YEAR TERM WITH BC HYDRO.
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April 16 (Reuters) - Innergex Renewable Energy Inc ::INNERGEX AND CAYOOSE CREEK BAND RENEW ELECTRICITY PURCHASE AGREEMENT FOR WALDEN NORTH FOR 40 YEARS.INNERGEX RENEWABLE ENERGY INC - RENEWED EPA IS EFFECTIVE AS OF APRIL 1, 2018 AND HAS A 40-YEAR TERM.
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Nov 9 (Reuters) - Innergex Renewable Energy Inc ::Innergex reports its third quarter 2017 results.Q3 revenue C$108.2 million versus I/B/E/S view C$119.2 million.Says qtrly shr $0.04.Q3 earnings per share view C$0.15 -- Thomson Reuters I/B/E/S.
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Oct 31 (Reuters) - Innergex Renewable Energy Inc ::Innergex increases and extends its credit facility.Revolving credit facilities, led by TD Securities and BMO Capital Markets, were increased by $50 million.Credit facilities now stand at $475 million, supported by 13 unencumbered operating assets.Also extended maturity of its revolving facilities from December 2021 to December 2022.
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Oct 30 (Reuters) - Innergex Renewable Energy ::INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP..INNERGEX RENEWABLE ENERGY INC - DEAL FOR $1.1 BILLION.INNERGEX - ALTERRA SHAREHOLDERS TO RECEIVE $8.25 PER ALTERRA COMMON SHARE, PAYABLE IN $2.06 CASH AND 0.4172 OF A COMMON SHARE OF INNERGEX.INNERGEX RENEWABLE ENERGY - DEAL TO BE ACCRETIVE TO CO'S DISTRIBUTABLE CASH FLOW/SHARE UPON COMPLETION OF ALTERRA'S PROJECTS CURRENTLY UNDER CONSTRUCTION.INNERGEX - DEAL PROVIDES FOR NON-SOLICITATION COVENANTS ON PART OF ALTERRA, RIGHT IN FAVOUR OF CO TO MATCH UNSOLICITED SUPERIOR PROPOSAL.INNERGEX RENEWABLE ENERGY INC - PURSUANT TO DEAL, ALTERRA SHAREHOLDERS TO GET CONSIDERATION CONSISTING ABOUT 25% CASH, 75% COMMON SHARES OF INNERGEX.INNERGEX RENEWABLE ENERGY - ONE MEMBER OF CURRENT BOARD OF DIRECTORS OF ALTERRA WILL JOIN BOARD OF DIRECTORS OF INNERGEX UPON CLOSING OF TRANSACTION.INNERGEX- CO TO RECEIVE TERMINATION FEE OF ABOUT $18 MILLION FROM ALTERRA IN EVENT OF TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES.INNERGEX RENEWABLE ENERGY - DEAL TO BE FULLY FUNDED AND SUPPORTED BY A NEW SUBORDINATED UNSECURED LOAN FROM CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC.INNERGEX - CO TO BUY ALL ISSUED, OUTSTANDING COMMON SHARES OF ALTERRA FOR AGGREGATE CONSIDERATION OF $1.1 BILLION, INCLUDING ASSUMPTION OF ALTERRA'S DEBT.
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