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.
Fasken advised the underwriters in this transaction with a team composed of Jean Michel Lapierre, Marie-Christine Valois, Oleg Stratiev and Claudia Paquette.Jurisdiction
- Québec
