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BRIEF-Pattern Energy Group commits to acquire 324 MW Broadview wind power facility in New Mexico for $269 mln

Published 2016-06-30, 06:29 p/m
© Reuters.  BRIEF-Pattern Energy Group commits to acquire 324 MW Broadview wind power facility in New Mexico for $269 mln
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June 30 (Reuters) - Pattern Energy Group Inc PEGI.O
* Pattern Energy commits to acquire 324 mw Broadview wind power facility in
new mexico for $269 million
* Has all capital required to fund deal with currently available liquidity
* Broadview has entered into two 20-year power purchase agreements with
Southern California Edison for sale of 100 percent of its output
* Will fund cash purchase price for its interest in project with currently
available corporate liquidity
* Funding also includes up to $160 million of long-term project holding
company debt financing commitments
* Expects broadview to generate cash available for distribution of about $28
million per year based on a five-year average run rate
* Pattern Energy Group says commits to acquire 324 mw broadview wind power
facility in new mexico for $269 million

Source text for Eikon: ID:nCNWSmCVga
Further company coverage: PEGI.O

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