Innergex Renewable Energy Inc.’s C$201 Million Bought Deal Public Offering

Fasken Martineau DuMoulin LLP advised the underwriters in connection with the transaction.

On September 3, 2021, Innergex Renewable Energy Inc. completed a bought deal public offering of 10,374,150 common shares (including the full exercise of the over-allotment option granted to the syndicate of underwriters) for aggregate gross proceeds of approximately C$201 million. In addition, Innergex issued an aggregate of 2,581,000 common shares through the concurrent private placement with HQI Canada Holding Inc., a wholly owned subsidiary of Hydro-Québec, for aggregate gross proceeds of approximately C$50 million.

The offering was conducted by a syndicate of underwriters led by CIBC Capital Markets Inc., National Bank Financial Inc., BMO Capital Markets and TD Securities Inc., and including RBC Dominion Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., Raymond James Ltd. and iA Private Wealth Inc.

Innergex Renewable Energy Inc. (TSE:INE) is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America.

The Fasken team comprised of Jean Michel Lapierre (Picture), Marie-Christine Valois, Oleg Stratiev and Claudia Paquette.

Involved fees earner: Jean Michel Lapierre – Fasken Martineau; Claudia Paquette – Fasken Martineau; Oleg Stratiev – Fasken Martineau; Marie-Christine Valois – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: BMO Capital Markets; CIBC Capital Markets; Desjardins Securities Inc.; iA Private Wealth Inc.; National Bank Financial Inc.; Raymond James Ltd. ; RBC Dominion Securities Inc.; Scotia Capital Inc.; TD Securities;

Author: Martina Bellini