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BRIEF-Innergex Grows And Becomes Sole Owner And Operator Of The Five Cartier Wind Farms

Published 2018-08-02, 05:27 a/m
BRIEF-Innergex Grows And Becomes Sole Owner And Operator Of The Five Cartier Wind Farms
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Aug 2 (Reuters) - Innergex Renewable Energy Inc INE.TO :

* INNERGEX GROWS AND BECOMES SOLE OWNER AND OPERATOR OF THE FIVE CARTIER WIND FARMS THROUGH THE ACQUISITION OF ITS PARTNER'S INTEREST

* INNERGEX - OBTAINED COMMITMENTS FROM TWO LEADING CANADIAN BANKS, BMO CAPITAL MARKETS AND TD SECURITIES, TO BACKSTOP ITS EXISTING CREDIT FACILITIES

* ALSO SIGNED A FINAL AGREEMENT TO ACQUIREWELL AS ITS 50% INTEREST IN OPERATING ENTITIES OF CARTIER WIND FARMS

* DEAL FOR TOTAL CONSIDERATION OF APPROXIMATELY $630 MILLION

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