De Pardieu Brocas Maffei and Linklaters advised as part of the operation.
Boralex, a Canadian leader in the renewable energy market and France’s leading independent provider of onshore wind, has finalized the refinancing of nearly all of its wind farms operating in France for $ 1.7 billion billion (€ 1.1 billion), spread over three credit agreements maturing in 2034, 2036 and 2040 respectively. This is the largest refinancing of the renewable energy industry in France and indisputably the largest financing. of Boralex’s story.
In addition to the amount released on the corporate credit facility, the financing includes $ 200 million (€ 140 million) for the construction of short-term projects. Finally, an additional $ 180 million (€ 125 million) of financing that can be used to finance the construction of future projects is planned for early 2020 after finalizing the necessary documentation.
CIC, Bpifrance, Crédit Agricole, represented by the Crédit Agricole Corporate and Investment Bank and Unifergie Group, accompanied by the Caisse Régionale Nord de France, Caixa Bank and La Banque Postale have positioned themselves as co-arrangers of the financing of this transaction.
De Pardieu Brocas Maffei advised Boralex with Jean-Renaud Cazali (Picture), Antoine Payen, Charles Becquart and Gustave Borde.
Linklaters advised the lenders with François April, Cyril Boussion and Pierre Guillot, partners, Samuel Bordeleau, Aurore Imbabazi and Pierre Sikorav, senior collaborators, Saadoun Alioua, Nathanael Caillard, Sandra Hoballah Campus, Thibault Hurbli, Camille Lapeyre Sabatia of Chavardes, Etienne Paletto , Fairuz Ben Lahcen and Enzo Beule, collaborators. Nicolas Zacharie, counsel, intervened on the state aid aspects.
Involved fees earner: Charles Becquart – De Pardieu Brocas Maffei; Jean-Renaud Cazali – De Pardieu Brocas Maffei; Antoine Payen – De Pardieu Brocas Maffei; Saadoun Alioua – Linklaters; François April – Linklaters; Fairuz Ben Lahcen – Linklaters; Enzo Beulé – Linklaters; Samuel Bordeleau – Linklaters; Cyril Boussion – Linklaters; Nathanaël Caillard – Linklaters; Pierre Guillot – Linklaters; Sandra Hoballah Campus – Linklaters; Thibault Hurbli – Linklaters; Aurore Imbabazi – Linklaters; Camille Lapeyre Sabatie de Chavardes – Linklaters; Etienne Paletto – Linklaters; Pierre Sikorav – Linklaters; Nicolas Zacharie – Linklaters;
Clients: Boralex Inc.; Bpifrance; Caisse Régionale de Crédit Agricole Mutuel du Nord Est; CaixaBank; Credit Agricole; Crédit Agricole Corporate and Investment Bank; Crédit Industriel et Commercial; La Banque Postale;