Pattern Energy closes public offering of Class A common stock

On October 23, 2017, Pattern Energy Group Inc. ("Pattern Energy") announced that it closed the previously announced underwritten public offering of its Class A common stock. Pursuant to the underwriting agreement, Pattern sold 9,200,000 shares, or approximately US$215.3 million, to a syndicate of underwriters, led by Morgan Stanley and BofA Merrill Lynch, at a public offering price of US$23.40 per share, including the shares purchased by the underwriters after the exercise in full of their over-allotment option.

Pattern Energy intends to use the net proceeds from the offering for general corporate purposes, which may include funding acquisitions, including from third parties or drop downs of Mont Sainte-marguerite, El Cabo, Belle River, Otsuki Wind, Futtsu Solar, Kanagi Solar, Ohorayama and Tsugaru from the identified ROFO list included in Pattern Energy's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2017; funding investments, including any capital call requests from pattern Energy Group 2 LP; or depending on the timing, sequencing and significance of any potential acquisitions from the identified ROFO list, the repayment of indebtedness.

Pattern Energy is an independent power company with a portfolio of 20 wind power facilities, including one it has committed to acquire, with a total owned interest of 2,736 MW in the United States, Canada and Chile that use proven, best-in-class technology.

Further information can be found on Pattern Energy's website and on newswire.ca.