8point3 Energy Partners (CAFD) Announces 7M Share Stock Offering

September 22, 2016 4:15 PM EDT

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8point3 Energy Partners LP (NASDAQ: CAFD) announced the commencement of an underwritten public offering of 7,000,000 Class A shares representing limited partner interests. In connection with the offering, 8point3 Energy Partners intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 Class A shares.

8point3 Energy Partners expects to use the net proceeds from this offering to purchase 7,000,000 common units of 8point3 Operating Company, LLC ("8point3 Operating Company"), the entity that holds 8point3 Energy Partners' project assets. 8point3 Operating Company intends to use the proceeds from the sale of its common units to fund a portion of the purchase price of the previously announced acquisition of a 49 percent interest in the Henrietta project, a substantially completed, 102 MW photovoltaic solar generating facility located in Kings County, California (the "Henrietta Acquisition"). This offering is not contingent upon the closing of the Henrietta Acquisition.

The Class A shares are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

BofA Merrill Lynch, Wells Fargo Securities, Citigroup, J.P. Morgan, Mizuho Securities and Credit Agricole Securities (USA) Inc. are the joint book running managers for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by sending a request to:

BofA Merrill LynchProspectus DepartmentNC1-004-03-43200 North College Street, 3rd floor,Charlotte NC 28255-0001dg.prospectus_requests@baml.com

Wells Fargo SecuritiesAttn: Equity Syndicate Dept.375 Park AvenueNew York, New York 10152Telephone: (800) 326-5897Email: cmclientsupport@wellsfargo.com

Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Telephone: 1-800-831-9146

J.P. Morganc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Telephone: (888) 803-9204Email: prospectus-eq_fi@jpmchase.com

Mizuho Securities320 Park Avenue, 12th FloorNew York, NY 10022Attn: Equity Capital MarketsTelephone: (212) 205-7600

Credit Agricole Securities (USA) Inc.Attn: Equity Capital Markets1301 Avenue of the AmericasNew York, NY 10019Telephone: (212) 408-5680Email: equitycapitalmarkets@ca-cib.com

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