Innergex Renewable to redeem outstanding 5.75% convertibles due 2017

By Wendy Van Sickle

Columbus, Ohio, July 20 – Innergex Renewable Energy Inc. called all its outstanding 5.75% convertible unsecured convertible debentures due April 30, 2017, according to a company news release.

The company will redeem the debentures Aug. 20 at par plus accrued interest. As of Friday, there were C$79,578,000 of the debentures outstanding.

Prior to the redemption date, holders of the debentures may convert them into Innergex common shares at C$10.65 per share. Innergex stock closed at C$10.72 on Monday.

Longueil, Quebec-based Innergex is an independent developer and operator of renewable power generating facilities

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