On October 23, 2017, Pattern Energy Group Inc. completed an underwritten public offering of 9,200,000 shares of its Class A common stock (including 1,200,000 shares of common stock upon the exercise in full by the underwriters of their over-allotment option), for gross proceeds of approximately US$215 million.
The common stock was registered and sold in the United States under Pattern Energy’s shelf registration statement and base prospectus included therein filed on August 14, 2017, as supplemented by a prospectus supplement dated October 18, 2017, and was qualified for distribution in Canada under Pattern Energy’s multijurisdictional disclosure system shelf prospectus dated September 8, 2017 as supplemented by a prospectus supplement dated October 18, 2017.
The common stock was sold through an underwriting group led by Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and which included KeyBanc Capital Markets Inc. and SG Americas Securities, LLC.
Pattern Energy is an independent power company focused on owning and operating power projects with stable long-term cash flows in attractive markets with potential for continued growth of its business.
Pattern Energy holds interests in 20 wind power projects, including the Mont Sainte-Marguerite wind power project it has committed to acquire, with a total owned interest of 2,736 MW in the United States, Canada and Chile that use proven and best-in-class technology.
Pattern Energy was represented by its internal counsel team, by its US counsel Davis Polk & Wardwell LLP, and by its Canadian counsel Blake, Cassels & Graydon LLP.
The Davis Polk corporate team included partners Richard Truesdell Jr., Shane Tintle and Michael Mollerus and associates Eugene Baek, Jaryn Fields, Brett Cameron and Brantley Hawkins.
The Blakes team included Jeffrey Lloyd, Brendan Reay, Michael Hickey, Ted Gotlieb and Hugh Goodday (securities) and Edward Miller and Ian Caines (tax).
The underwriters were represented in the United States by Vinson & Elkins LLP. The Vinson & Elkins team was composed of Shelley Barber, Chris Mathiesen, Frankie Shulkin, Nick Griffin and Matt Hortenstine (securities) and Debra Duncan (tax). The underwriters were represented in Canada by Torys LLP. The Torys team was composed of Rima Ramchandani, Frazer House and Mitchell Dost (securities) and Andrew Wong and Patrick Shaunessy (tax).