Pattern Energy Group Inc. priced $350 million of 5.875% senior unsecured notes due Feb. 1, 2024, which will be guaranteed on a senior unsecured basis by Pattern US Finance Co. LLC.

Pattern Energy will use the sale proceeds to partially fund its acquisition of the Broadview project in New Mexico and to repay borrowings under its revolving credit facility, according to a Jan. 20 release.

Subject to customary closing conditions, the offering is expected to close on Jan. 25.

Morgan Stanley & Co. LLC will serve as the underwriter for the offering.