Innergex Renewable Energy Inc.
Feb 12, 2010 08:08 ET
LONGUEUIL, QUEBEC–(Marketwire – Feb. 12, 2010) –
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Innergex Renewable Energy Inc. (TSX:INE) (“Innergex” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and TD Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, extendible convertible unsecured subordinated debentures in the aggregate principal amount of $70 million (the “Debentures”). The Debentures will have an initial maturity date of April 30, 2010 which will automatically be extended to April 30, 2017 upon the closing of the Company’s previously announced strategic combination with Innergex Power Income Fund (the “Combination”).
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