Boralex announces €1.45 billion single platform-level financing in France to support its portfolio of operating assets and development projects

About this update from Boralex Inc. Class A

In collaboration with co-shareholder Energy Infrastructure Partners, financing is the largest ever completed by BoralexMONTREAL and ZURICH , June 30, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) and Energy Infrastructure Partners (“EIP”), co-shareholders of Boralex's activities in France, with a 70% and 30% share respectively, announce the closing of a €1.45 billion ($2.34 billion1) financing. With this transaction, Boralex moves from a multi-borrower debt structure to a single platform financing covering its entire French operations and 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, this transaction strengthens Boralex’s capacity to efficiently deploy capital and scale its platform in France.Financing Highlights The financing, totalling €1.453 million ($2.339 million), includes:A €811 million ($1.31 billion) term loan for existing assets;A €450 million ($725 million) CAPEX line facility with a 22-year tenor to fund growth projects;A €100 million ($161 million) revolving credit facility with a 7-year tenor, and;A debt service reserve facility (DSRF) and a VAT facility totalling €92 million ($148 million). This innovative financing is backed by a diversified pool of ten banks, mainly long standing partners of Boralex and EIP that pledged continued support. Several new banking partners also subscribed.   “This structure provides us with greater commercial flexibility, allowing us to tailor contracting strategies and optimize project execution while remaining highly responsive to market opportunities in France. I would like to recognize the exceptional commitment of our teams and our financing partners, whose efforts made this transaction possible,” said Boralex Europe Executive Vice President and General Manager Jean-Christophe Dall’Ava. “This financing establishes a flexible platform with centralized liquidity, strengthening our ability to execute projects efficiently, reduce execution risk, and support scalable growth,” said Boralex Executive Vice President and Chief Financial Officer Philippe Bonin. “Since investing in 2022, we have been convinced of the enormous potential of Boralex’s French platform and consistently implemented our g...

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