The Common Shares were offered by way of a short form prospectus dated
The proceeds from the Offering will be used by Boralex to repay amounts drawn under its revolving credit facility. The amounts repaid under the revolving credit facility are expected to be redrawn as and when needed for working capital and general corporate purposes, and to fund the Corporation's ongoing development pipeline and potential future acquisitions. Boralex remains committed to its strategic plan and its 2023 target of reaching 2,800 MW (vs. 2,055 MW today) and believes that the Offering has positioned the Corporation with increased financial flexibility to meet its growth objectives in the current market environment.
No securities regulatory authority has either approved or disapproved the contents of this press release. The Common Shares issued under the Offering have not been, and will not be, registered under the
About Boralex
Boralex develops, builds and operates renewable energy power facilities in
Caution regarding forward-looking statements
Some of the statements contained in this press release, including those regarding the use of proceeds from the sale of the Common Shares under the Offering, are forward-looking statements based on current expectations, within the meaning of securities legislation.
Although Boralex believes that the expectations reflected by the forward-looking statements presented in this news release are reasonable, Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement.
Unless otherwise specified by the Corporation, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements.
Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.
Contact:
Tel: 819-345-0043
Email: isabelle.fontaine@boralex.com
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