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Boralex Closes Financing Package in France Worth 1.45 Billion Euros

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Boralex (BLX.TO) has closed a financing package in France worth 1.45 billion euros in collaboration with Energy Infrastructure Partners.

The financing provides Boralex with enhanced flexibility for its renewable energy operations in France, the company said Tuesday. The financing includes a term loan, revolving credit facility and a debt service reserve facility.

"This financing establishes a flexible platform with centralized liquidity, strengthening our ability to execute projects efficiently, reduce execution risk, and support scalable growth," Chief Financial Officer Philippe Bonin said.

Boralex owns a 70% stake in its French operations while Energy Infrastructure Partners own the remaining 30%.

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