Pattern Energy Prices 5.435M Share Offering @$23.00/Share

Pattern Energy Group Inc.

announced Wednesday, the pricing of an underwritten public offering of approximately $125 million, or 5,435,000 shares, of its Class A common stock, par value $0.01 per share, at a public offering price of $23.00 per share (the "Equity Offering"). The Company has granted the underwriters of the Equity Offering a 30-day option to purchase up to an additional approximately $18.75 million, or 815,250 shares, of its Class A common stock, solely to cover over-allotments, if any. The Equity Offering is expected to close on July 28, 2015, subject to customary closing conditions. The Company intends to use the net proceeds from the Equity Offering, together with the net proceeds from a concurrent private offering of $225 million aggregate principal amount of convertible senior notes, for the repayment of a portion of the outstanding indebtedness incurred in connection with the Company's purchase of interests in the K2, Lost Creek and Post Rock wind projects, the acquisition of non-controlling interests in the Gulf Wind project, the prepayment of Gulf Wind project level indebtedness and general corporate purposes. The Equity Offering is being made through an