• This Transaction provides Boralex with powerful levers to accelerate the execution of its 2030 Strategic Plan and strengthens its ability to create long-term value for all its stakeholders.
  • Boralex shareholders to receive $37.25 in cash per Common Share, representing a 31.8% premium over the March 20, 2026 closing price on the TSX and a 36.4% premium over the 30-day volume-weighted average price for the period ending March 20, 2026, the last full day of trading prior to the first media report of a strategic review of alternatives.
  • The Transaction implies a total enterprise value of $9.0 billion ($9.7 billion on a Combined1 basis)2, including project and corporate-level indebtedness. This represents a 13 times 2026E consensus EBITDA on the Combined1 total enterprise value.
  • La Caisse, Boralex's largest shareholder with approximately 15% of the outstanding Common Shares, has agreed to vote in favour of the Transaction and to make a post-closing investment in Boralex, resulting in a pro forma interest of 30%.
  • Brookfield and La Caisse will strengthen Boralex's leadership in its core markets by accelerating development, expanding its capabilities, and establishing a disciplined capital recycling program.
  • In connection with the Transaction, Boralex will maintain its headquarters in Québec and will continue to play an important role as a major employer and contributor to Québec's growing economy and energy demand.
  • The Transaction, which has been unanimously approved by Boralex's Board of Directors, provides immediate liquidity and certainty of value to shareholders, while positioning the Corporation for its next phase of growth as a private company and creating value for Boralex stakeholders, including shareholders, employees, customers, First Nations, communities and suppliers.
  • The Transaction is expected to close by Q4 2026, subject to the receipt of the required approvals from Boralex's shareholders and certain regulatory approvals, as well as the satisfaction of other customary closing conditions.
     

MONTRÉAL, March 25, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. (TSX:BLX), Brookfield and La Caisse announced today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement"), whereby Brookfield and La Caisse (together, the "Purchaser") will acquire all of Boralex Inc.'s ("Boralex" or the "Corporation") issued and outstanding Class A common shares of Boralex (the "Common Shares") for a price (the "Consideration") of $37.25 in cash per Common Share (the "Transaction").

The Transaction follows an extensive review undertaken by a special committee comprised entirely of independent directors (the "Special Committee") of Boralex's board of directors (the "Board of Directors"), to maximize shareholder value, finance Boralex's strong pipeline and position the Corporation for its next phase of growth. The Transaction provides Boralex with the support of long-term investors aligned with its business model and growth ambitions, building on its 35-year experience to further contribute to the economic growth, energy security, and decarbonization of its core markets in Canada, the United States, France and the United Kingdom.

Boralex will operate independently following close of the Transaction. Similar to the benefits realized across Brookfield's other platforms, the investment from Brookfield and La Caisse will help advance the Corporation's mission of delivering affordable, renewable energy and enable it to meet growing demand driven by electrification, reindustrialization, and digitalization.