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Pattern Energy offers class A common stock

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Pattern Energy offers class A common stock

Pattern Energy Group Inc. commenced a primary underwritten public offering of 8 million class A common shares, subject to market conditions, according to an Oct. 18 news release.

The stock will be offered in Canada, subject to approvals from the Toronto Stock Exchange and the Nasdaq Global Select Market. Underwriters will have an overallotment option to purchase up to an additional 1,200,000 shares.

Proceeds from the offering will be used for general corporate purposes, including funding acquisitions from third parties or dropdowns as well as funding investments and repaying indebtedness.

Morgan Stanley and BofA Merrill Lynch are the book-running managers and representatives of the underwriters.