Advising Boralex on the refinancing of almost all of its wind farm operations in France, for a total of $1.7billion (€1.1 billion), divided among three credit agreements maturing respectively in 2034, 2036 and 2040. This is the largest refinancing agreement in the renewable energy sector in France and without question the largest refinancing arrangement ever for Boralex.
In addition to the amount made available in the corporate credit facility, the financing includes $200million (€140million) for the construction of short-term projects. Furthermore, an additional $180million (€125 million) tranche to finance the construction of future projects should become available in early 2020 once the necessary documents have been finalized.
CIC, Bpifrance, Crédit Agricole, represented by Crédit Agricole Corporate and Investment Bank and Unifergie, along with the Caisse Régionale Nord de France, CaixaBank, and La Banque Postale jointly arrange the financing for this transaction.