Equity Offering Nets Pattern $270 Million

Posted by Betsy Lillian on August 22, 2016 No Comments
Categories : FYI

Pattern Energy Group has completed an equity offering of its common stock, which netted the San Francisco-based wind developer approximately $270 million. The company notes the equity offering was at the high end of its range.

Pattern says it intends to use the net proceeds to fund potential acquisition opportunities from Pattern Energy Group LP and pay down debt.

The equity offering was made through an underwriting group led by RBC Capital Markets, BMO Capital Markets and Morgan Stanley, which acted as joint book-running managers of the equity offering and as representatives of the underwriters.

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