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Boralex Closes Previously Announced Public Offering and Private Placement
Boralex Closes Previously Announced Public Offering and Private Placement Canada N...
About this update from Boralex Inc. Class A
[{"type":"text","content":"\n\n\n\nBoralex Closes Previously Announced Public Offering and Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, July 11, 2018\n\n\n\n/THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nMONTRÉAL, July 11, 2018 /CNW Telbec/ - Boralex Inc. (TSX: BLX) (\"Boralex\" or the \"Corporation\") announced today that it has closed its previously announced public offering (the \"Offering\") of subscription receipts (the \"Subscription Receipts\") for gross proceeds of approximately $207 million, which includes the full exercise of the over-allotment option by the Underwriters (as defined below). Boralex also announced the closing of the concurrent private placement (the \"Concurrent Private Placement\") of subscription receipts of Boralex (the \"Placement Subscription Receipts\") to Caisse de dépôt et placement du Québec (\"la Caisse\") for gross proceeds of approximately $51.8 million, which includes the full exercise of the private placement option by la Caisse. \n\nThe Subscription Receipts were offered by way of a short form prospectus dated July 4, 2018 in all of the provinces of Canada. The Offering was completed through a syndicate of underwriters led by National Bank Financial Inc. and RBC Capital Markets, and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., TD Securities Inc., Cormark Securities Inc. and Industrial Alliance Securities Inc. (collectively the \"Underwriters\"), who have purchased, on a bought deal basis, an aggregate of 10,247,650 Subscription Receipts at a price of $20.20 per Subscription Receipt.\n\nBoralex also completed the Concurrent Private Placement whereby la Caisse purchased, on a private placement basis, 2,562,200 Placement Subscription Receipts at a price of $20.20 per Placement Subscription Receipt.\n\nThe proceeds from the Offering and the Concurrent Private Placement will be held in escrow pending the completion of the ac...