By Lisa Kerner
Charlotte, N.C., Jan. 29 – Sol-Wind Renewable Power, LP began an initial public offering of 8.7 million common units representing limited partner interests.
Proceeds will be used to acquire equity and debt interests in a diversified portfolio of 184.6 MW of solar and wind power generation assets in the United States, Puerto Rico and Canada from its general partner.
The initial public offering price is currently expected to be between $19 and $21 per common unit, according to a news release.
Sol-Wind has been approved to list its common units on the New York Stock Exchange under the ticker symbol “SLWD.”
Underwriters will be granted a 30-day option to purchase up to 1,305,000 additional common units from Sol-wind at the initial public offering price.
UBS Investment Bank and Citigroup will serve as joint book-running managers and structuring agents for the offering.
Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities and Macquarie Capital will also act as joint book-running managers.
Bonwick Capital, MFR Securities, Inc. and Williams Capital Group, LP will act as co-managers for the offering.
Sol-Wind is a New York-based growth-oriented limited partnership formed to own, acquire, invest in and manage operating solar and wind power generation assets.
| Issuer: | Sol-Wind Renewable Power, LP
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| Issue: | Common units
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| Units: | 8.7 million
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| Pricing: | $19 to $21 per common unit
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| Greenshoe: | Up to 1,305,000 additional common units
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| Bookrunners: | UBS Investment Bank, Citigroup, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, Macquarie Capital
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| Co-managers: | Bonwick Capital, MFR Securities, Inc., Williams Capital Group, LP
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| Announced: | Jan. 29
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| Stock symbol: | NYSE: SLWD
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