Sol-Wind Renewable Power, LP (SLWD) Files $100M IPO
Sol-Wind Renewable Power, LP (NYSE: SLWD) filed with the U.S. SEC for an IPO of its common stock. The proposed maximum offering price is $100 million. The ticker "SLWD" was proposed and the company plans to list on the NYSE.
UBS Investment Bank and Citigroup are leading the deal.
Sol-Wind Renewable Power, LP is a growth-oriented limited partnership formed to own, acquire, invest in and manage operating solar and wind power generation assets. These assets generate power for retail, municipal, utility and commercial customers under long-term power purchase agreements or similar contracts ("PPAs") that generate stable, long-term contracted cash flows. The company's objective is to pay a consistent and growing cash distribution to nitholders on a long-term basis. Upon completion of this offering, Sol-Wind Renewable Power, LP will acquire from general partner equity and debt interests in a diversified portfolio of 184.6 megawatts ("MW") of nameplate capacity, or maximum generating capacity, solar and wind power generation assets in the United States, Puerto Rico and Canada (the "Initial Portfolio").
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