Pattern Energy consent solicitation
Davis Polk advised Pattern Energy Group Inc. in connection with the solicitation of consents from holders of its existing 5.875% senior notes due 2024 for certain amendments to the indenture governing the 2024 notes, including revising the reporting covenant and other technical amendments, in light of Pattern Energy’s recent acquisition by an affiliate of Canada Pension Plan Investment Board, a professional investment management organization.
Pattern Energy Group Inc. is a renewable energy company, focused on owning and operating power projects with stable long-term cash flows. Pattern has a portfolio of 28 renewable energy projects, with operations in the United States, Canada and Japan which use proven, best-in-class technology to provide clean and sustainable power pursuant to long-term, fixed-price supply agreements.
The Davis Polk corporate team included partner Shane Tintle and associates Stephen A. Byeff, Arisa Akashi and Stephen H. Karp. Partner Po Sit provided tax advice. All members of the Davis Polk team are based in the New York office.