Pattern Energy closes offering of senior notes

On January 25, 2017, Pattern Energy Group Inc. ("Pattern Energy") announced that it closed the previously announced offering of US$350 million aggregate principal amount of its 5.875% senior notes due 2024, guaranteed on a senior unsecured basis by Pattern US Finance Company LLC, to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.

Pattern Energy intends to use the net proceeds from the offering to fund, in whole or in part, renewable energy projects, or "green projects," which include financing of, or investments in, equipment and systems which generate or facilitate the generation of energy from renewable sources, such as solar and wind energy.

Pattern Energy is an independent power company with a portfolio of 18 wind power facilities, including one it has agreed to acquire, with a total owned interest of 2,644 MW in the United States, Canada and Chile that use proven, best-in-class technology.

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