Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/pattern-energy-announces-closing-of-public-offerin.shtmlPattern Energy announces closing of public offering
Pattern Energy Group Inc. has closed the previously announced underwritten public offering of its Class A common stock. In total,
Edit page New page Hide edit links
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.
