Pattern Energy closes public offering of its Class A common stock

On February 9, 2015, Pattern Energy Group Inc. (Pattern Energy) closed its previously announced underwritten public offering of its Class A common stock. In total, 12,000,000 shares of its Class A common stock were sold at a price of US$29.25 per share, for total gross proceeds of US$351.00 million.

Pattern sold 7,000,000 shares of Class A common stock for total gross proceeds of US$204.75 million and Pattern Energy Group LP (Pattern Development), the selling shareholder, sold 5,000,000 shares of Class A common stock for total gross proceeds of US$146.25 million.

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

Pattern Energy is an independent power company listed on the NASDAQ and Toronto Stock Exchange, with a portfolio of 12 wind power projects, with a total owned interest of 1,636 MW, in the United States, Canada and Chile that uses proven, best-in-class technology.

Further information can be found on PR Newswire's website.