Pattern Energy (PEGI) Plans $125M Common Stock Offering; Previews Q2 Results

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Go back to Pattern Energy (PEGI) Plans $125M Common Stock Offering; Previews Q2 Results

Pattern Energy Announces Public Offering of Class A Common Stock, Proposed Acquisition of Remaining 170 MW of Gulf Wind and Quarterly Dividend Increase and Provides Outlook for Certain Financial Infor

July 21, 2015 4:21 PM EDT

SAN FRANCISCO, July 21, 2015 /PRNewswire/ -- Pattern Energy Group Inc. (the "Company" or "Pattern Energy") (NASDAQ: PEGI) (TSX: PEG) today announced that it intends to offer, subject to market and other considerations, up to $125 million of shares of its Class A common stock in an underwritten public offering (the "Equity Offering"). The Company expects to grant the underwriters of the Equity Offering a 30-day option to purchase up to an additional 15% of the entire offering amount solely to cover over-allotments, if any. ... More