Pattern Energy plans to repay revolver borrowings via stock proceeds

By Marisa Wong

Morgantown, W.Va., Aug. 12 – Pattern Energy Group Inc. said it will repay its revolving credit facility using proceeds from an equity offering.

The company announced on Friday that it raised $239 million from a public offering of common stock. Proceeds will also be used to fund potential acquisition opportunities.

Pattern Energy is an independent power company based in San Francisco.

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