NR CAPITAL GENERAL PARTNERSHIP

Niagara Region Wind Farm - Refinancing

Industry
Power/Onshore wind
Area of finance
Project & Infrastructure Finance
Country
Canada

Deal Overview

Boralex (BLX) has completed the refinancing of its 230MW Niagara Region Wind Farm (NRWF) in the Niagara Peninsula, Ontario, Canada. Project operator Boralex has a 50% stake in the farm and is partnered with the Six Nations of the Grand River Indigenous community. The $805 million refinancing over 16...

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Boralex (BLX) has completed the refinancing of its 230MW Niagara Region Wind Farm (NRWF) in the Niagara Peninsula, Ontario, Canada. Project operator Boralex has a 50% stake in the farm and is partnered with the Six Nations of the Grand River Indigenous community. The $805 million refinancing over 16 years reduced the borrowing rate and freed up $65-70 million that will be used to reduce Boralex's corporate credit facility. The project will benefit from over $5 million of recurring savings annually from the reduced interest rate.

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Deal Volume
$ 805m
Financial Close
07 August 2020

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Projects

Niagara Region Wind Farm Project

Greenfield
Wind
Canada
$ 615.96m