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Pattern Energy announces closing of public offering


Published May 15, 2014
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Pattern Energy Group Inc.

Pattern Energy Group Inc. has closed the previously announced underwritten public offering of its Class A common stock. In total, 21,117,171 shares of its Class A common stock were sold, including 2,754,413 shares upon exercise in full of the underwriters' over-allotment option, at a price of US$27.75 per share, for total gross proceeds of US$586 million.

The Company sold 10,810,810 shares of Class A common stock for total gross proceeds of US$300 million and the selling shareholder, Pattern Energy Group LP (the "Selling Shareholder" or "Pattern Development"), sold 10,306,361 shares of Class A common stock for total gross proceeds of US$286 million.

Tags: Pattern Energy Group Inc.




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