Pattern Energy closes public offering of its Class A common stock

Torys acted as counsel to the underwriters led by Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets with a team that included Philip Symmonds, Rima Ramchandani, Jim MIller, Frazer House and Sam Levitt (corporate/securities), Jonathan Myers (energy regulatory), Andy Gibbons (real estate), Tyson Dyck (environmental) and Andrew Wong (tax).

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.