02:08 PM EDT, 07/07/2025 (MT Newswires) -- Boralex ( BRLXF ) on Monday said it closed an additional corporate financing of a $250-million unsecured subordinated loan with a term of eight years by La Caisse, formerly CDPQ, and Fondaction.

The renewable-power company said the investment made by La Caisse was $200 million, to which $50 million was added by Fondaction, a new partner. The loan matures on June 27, 2033.

"This new corporate financing is in line with the execution of our 2030 Strategy , announced on June 17, and allows us to mobilize resources immediately for the financing of our projects. We are thereby strengthening our ability to support our growth activities, by further diversifying our sources of financing, while maintaining our financial rigor," chief financial officer Bruno Guilmette said in a release.

Boralex ( BRLXF ) shares were last seen down $0.04 to $32.88 on the Toronto Stock Exchange.

Price: 32.88, Change: -0.04, Percent Change: -0.12