Pattern to swell green coffers
Share offering aims to raise over $215m for activities including acquisitions
Pattern Energy Group is seeking to raise over $215m through a share offering to fund general corporate activities, which may include acquisitions.
It is offering 8 million shares priced at $23.4 a share, aiming to raise $187.2m. The offering is underwritten by a group led by Morgan Stanley and BofA Merrill Lynch.
In addition, there is a 30-day option for the underwriters to purchase a further 1.2m shares for a total price of approximately $28.1m.
The offering is scheduled to close on 23 October, subject to customary closing conditions, Pattern said.
Image: Pattern Energy