We advised Pattern Energy on its high-yield offering

Davis Polk advised Pattern Energy Operations LP and Pattern Energy Operations Inc. on their Rule 144A / Regulation S offering of $950 million aggregate principal amount of 7.000% senior notes due 2031. The notes are guaranteed by Pattern US Finance Company LLC, a wholly owned subsidiary of Pattern Energy Operations LP. The issuers intend to use the net proceeds to refinance revolving credit borrowings and pay premiums, related fees and expenses.

Pattern Energy is an independent power company with a portfolio of 42 renewable energy projects located in the United States and Canada with a total operating capacity of approximately 10.8 GW.

The Davis Polk corporate team included partners Stephen A. Byeff and Shane Tintle, associates Kanger Jin and Yusuke Tsuzuki. The sponsor finance team included partner Hilary Dengel, counsel Jason Durschlag and associate Phoebe Lyons. Counsel Tracy L. Matlock and associate Alex (Ang) Gao provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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