Davis Polk advised Pattern Energy Operations LP and Pattern Energy Operations Inc. on their Rule 144A/Regulation S offering of $700 million aggregate principal amount of 4.500% senior notes due 2028. 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 redeem in full Pattern Energy Group Inc.’s outstanding 5.875% senior notes due 2024, to fully repay its outstanding incremental term loans and pay premiums, related fees and expenses.

Pattern Energy is an independent power company with a portfolio of 23 wind power projects located in the United States and Canada that use proven, best-in-class technology and have a total owned capacity of 4.2 GW.

The Davis Polk corporate team included partner Shane Tintle and associates Stephen A. Byeff, Jolie Yang and Lia-Michelle Keane. The finance team included partner Hilary Dengel and associate Michael P. Raymond. Partner Po Sit provided tax advice. Partner Kyoko Takahashi Lin and counsel Charles Shi provided executive compensation advice. Associate J. Taylor Arabian provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.

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