Caisse, Fonds de solidarité FTQ lend $200 mln to Boralex
Boralex Inc (TSX: BLX), a Kingsey Falls, Québec-based developer, builder and operator of renewable power facilities, has raised a $200 million unsecured subordinated loan. Caisse de dépôt et placement du Québec accounted for $170 million of the loan, while Fonds de solidarité FTQ invested $30 million. The deal includes the potential for a $100 million increase in the loan's size within 12 months of the close. The company said the proceeds will be used for its growth strategy. Last year, the Caisse acquired Cascades Inc's 17.3 percent interest in Boralex for $287.5 million.
30 March 2018•4 mins read
