Pattern Energy Files a Shelf Registration Statement in the United States and a Preliminary MJDS Shelf Prospectus in Canada

Pattern Energy Stories

October 9, 2014

San Francisco, Oct. 9, 2014 (GLOBE NEWSWIRE) — Pattern Energy Group Inc. (Nasdaq:PEGI) (TSX:PEG) (“Pattern Energy”), today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”) which became effective automatically upon filing. The shelf registration statement will allow Pattern Energy and/or selling security holders from time to time, in one or more offerings, to offer and sell Class A common stock, preferred stock, debt securities, warrants, purchase contracts, subscription receipts, and units, at prices and on terms to be determined at the time of any future offering, subject to market conditions. The terms of any future offering will be described in a prospectus supplement filed at the time of such offering.

Pursuant to the shelf registration statement filed with the SEC, unless otherwise indicated in a prospectus supplement, net proceeds to Pattern Energy from the sale of such securities in any future offering will be used for general corporate purposes, including working capital purposes, acquisitions, retirement of debt, and other business purposes. Pattern Energy will not receive any proceeds from the sale of securities by any selling security holder. 

Pattern Energy has also filed a preliminary MJDS shelf prospectus with securities regulatory authorities in each province and territory of Canada under the Multijurisdictional Disclosure System (“MJDS”) to qualify, upon issuance of a receipt for the final MJDS shelf prospectus, the sale of the same types of securities in Canada, from time to time. At the present time, Pattern Energy has no specific plans to issue securities under the shelf registration statement or MJDS shelf prospectus.  

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state, province or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of such state, province or jurisdiction. Any future offering of securities covered by the shelf registration statement or MJDS shelf prospectus may be made solely by means of the prospectus included in the shelf registration statement or the MJDS shelf prospectus, respectively, and a related prospectus supplement containing specific information about the terms of any such future offering.

About Pattern Energy

Pattern Energy Group Inc. (Pattern Energy) is an independent power company listed on the NASDAQ (“PEGI”) and Toronto Stock Exchange (“PEG”). Pattern Energy has a portfolio of eleven wind power projects, including one project it has agreed to acquire, with a total owned interest of 1,472 MW, in the United States, Canada and Chile that use proven, best-in-class technology. Pattern Energy’s wind power projects generate stable long-term cash flows in attractive markets and provide a solid foundation for the continued growth of the business.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of Canadian securities laws, including statements regarding any future offer or sale of securities under the shelf registration statement and MJDS shelf prospectus, and the terms and use of proceeds thereof. 

These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. 

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the documents filed with the SEC and applicable Canadian securities regulatory authorities, including the Company’s annual report on Form 10-K. The risk factors and other factors noted therein could cause actual events or the Company’s actual results to differ materially from those contained in any forward-looking statement.


Media Relations
Matt Dallas
[email protected]

Investor Relations
Ross Marshall
[email protected]

SOURCE: Pattern Energy Group Inc.

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