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SAN FRANCISCO, CALIFORNIA--(Marketwired - May 9, 2014) - Pattern Energy Group Inc. (the "Company" or "Pattern Energy") (NASDAQ:PEGI)(TSX:PEG) today announced the pricing of an underwritten public offering of approximately US$510 million consisting of 18,362,758 shares of its Class A common stock at a public offering price of US$27.75 per share. The Company is selling approximately US$300 million consisting of 10,810,810 shares of Class A common stock and selling shareholder Pattern Energy Group LP (the "Selling Shareholder" or "Pattern Development") is selling approximately US$210 million consisting of 7,551,948 shares of Class A common stock. The underwriters of the offering have the option, exercisable until June 13, 2014, to purchase up to an additional US$76 million or 2,754,413 shares of Class A common stock from the Selling Shareholder. The offering is scheduled to close on May 14, 2014, subject to customary closing conditions. |
