Pattern Energy to redeem $350 million 5 7/8% notes due 2024

By Taylor Fox

Chicago, July 13 – Pattern Energy Operations LP and Pattern Energy Operations Inc. plan to use the proceeds from a proposed new offering of $700 million of senior notes due 2028 for the conditional redemption of Pattern Energy Group Inc.’s $350 million 5 7/8% senior ntoes due 2024, according to a press release.

Remaining proceeds will be used for the repayment of the company’s term loan A and pay related premiums, fees and expenses. Any remainind proceeds, they plan on using to finance other eligible green projects.

San Francisco-based Pattern Energy is the majority owner of Pattern Energy Operations LP, a privately owned developer and operator of wind, solar, transmission and energy storage projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.