Innergex completes a $50 Million bought deal offering of Cumulative Redeemable Fixed-Rate Preferred Shares

Innergex completes a $50 Million bought deal offering of Cumulative Redeemable 
Fixed-Rate Preferred Shares 
LONGUEUIL, QC, Dec. 11, 2012 /CNW Telbec/ - Innergex Renewable Energy Inc. 
(TSX:INE) ("Innergex" or the "Corporation") has completed today the 
previously announced bought deal offering of Cumulative Redeemable Fixed-Rate 
Preferred Shares Series C (the "Series C Shares"). 
The Corporation issued a total of 2,000,000 Series C Shares at a price of 
$25.00 per share, for aggregate gross proceeds of $50,000,000. The offering 
was made on a bought deal basis through a syndicate of underwriters co-led by 
TD Securities Inc., National Bank Financial Inc. and BMO Capital Markets. 
The Series C Shares commence trading on the Toronto Stock Exchange today under 
the symbol INE.PR.C. 
The Corporation intends to use the proceeds of the offering to repay a portion 
of its revolving term credit facility and for general corporate purposes. 
The Series C Shares were distributed under a short form prospectus dated 
December 4, 2012 and details of the distribution are set out in the short form 
prospectus which is available on SEDAR at 
About Innergex Renewable Energy Inc. 
Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent 
renewable power producer. Active since 1990, the Corporation develops, owns, 
and operates run-of-river hydroelectric facilities, wind farms, and solar 
photovoltaic farms and carries out its operations in Quebec, Ontario, British 
Columbia, and Idaho, USA. Its portfolio of assets currently consists of: 
(i)interests in 28 operating facilities with an aggregate net installed 
capacity of 577MW (gross 1,031MW), including 22 hydroelectric operating 
facilities, five wind farms, and one solar photovoltaic farm; (ii) interests 
in eight projects under development or under construction with an aggregate 
net installed capacity of 188MW (gross 263MW), for which power purchase 
agreements have been secured; and (iii) prospective projects with an aggregate 
net capacity totaling 2,904 MW (gross 3,127MW). Innergex Renewable Energy 
Inc. is rated BBB- by S&P and BBB (low) by DBRS. 
The Corporation's strategy for building shareholder value is to develop or 
acquire high-quality facilities generating sustainable cash flows and 
providing a high return on invested capital, and to distribute a stable 
Forward-Looking Information Disclaimer 
In order to inform shareholders and potential investors about the 
Corporation's future prospects, this news release may contain forward-looking 
information within the meaning of securities legislation ("Forward-Looking 
Information"). Forward-Looking Information can generally be identified by the 
use of words and phrases, such as "about", "approximate", "potential", "may," 
"will," "estimate," "anticipate," "plans," "expects" or "does not expect," "is 
expected," "budget," "scheduled," "forecasts," "intends" or "believes," or 
variations of such words and phrases that state that certain events will occur. 
The Forward-Looking Information includes forward-looking financial information 
or financial outlook, within the meaning of securities laws, such as use of 
funds, or impact on the Corporation's capital structure, to inform investors 
and shareholders of the potential financial impact of this bought deal 
financing of fixed-rate preferred shares; such information may not be 
appropriate for other purposes. 
Forward-Looking Information represents, as of the date of this news release, 
the estimates, forecasts, projections, expectations, or opinions of the 
Corporation relating to future events or results. Forward-looking Information 
involves known and unknown risks, uncertainties and other important factors, 
which may cause the actual results or performance to be materially different 
from any future results or performance expressed or implied by the Forward 
Looking Information. The material risks and uncertainties which may cause the 
actual results and developments to be materially different from the current 
expressed expectations in this news release include, without limitation: (i) 
execution of strategy; (ii) capital resources; (iii) derivative financial 
instruments; (iv) availability of water flows, wind and sun light; (v) failure 
to close the recently announced transactions; (vi) construction and design; 
(vii) development of new facilities; (viii) project performance; (ix) permits; 
* equipment failure; (xi) health, safety and environmental risks; (xii) 
interest rate and refinancing risk; (xiii) financial leverage and restrictive 
covenants; and (xiv) relationship with public utilities. Although the 
Corporation believes that the expectations instigated by the Forward-Looking 
Information are based on reasonable and valid hypotheses, there is a risk that 
the Forward-Looking Information may be incorrect. The reader is cautioned not 
to rely unduly on this Forward-Looking Information. The Forward-Looking 
Information expressed verbally or in writing, by the Corporation or by a 
person acting on its behalf, is expressly qualified by this cautionary 
statement. The Corporation does not undertake any obligation to update or 
revise any Forward-Looking Information, whether as a result of events or 
circumstances occurring after the date hereof, unless required by legislation. 
Jean Trudel, MBA Chief Investment Officer and Senior Vice-President - 
Communications 450-928-2550, ext. 252 
Marie-Josée Privyk, CFA Director - Investor Relations 450-928-2550, ext. 222 
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ST: Quebec
-0- Dec/11/2012 13:32 GMT
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