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| Home : Pattern Energy Announces US$239 Million Bought-Deal Public Offering of Class A Common Stock |
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Aug 09
2016 |
Pattern Energy Announces US$239 Million Bought-Deal Public Offering of Class A Common Stock |
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SAN FRANCISCO, CALIFORNIA--(Marketwired - Aug. 8, 2016) - Pattern Energy Group Inc. (the "Company" or "Pattern Energy") (NASDAQ:PEGI)(TSX:PEG) today announced that it has entered into an agreement to sell 10,000,000 shares of its Class A common stock, on a bought deal basis, at a price of US$23.90 per share, for aggregate gross proceeds to the Company of approximately US$239 million (the "Offering"). The Company intends to use the net proceeds from the Offering to fund potential acquisition opportunities from Pattern Energy Group LP, repayment of the Company's revolving credit facility and general corporate purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2148852&sourceType=3 |
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