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BRIEF-Pattern Energy Group Says CPPIB Has Obtained Equity Financing Commitments, Debt Financing Commitments For Deal

Published 2019-11-04, 08:45 a/m
© Reuters.  BRIEF-Pattern Energy Group Says CPPIB Has Obtained Equity Financing Commitments, Debt Financing Commitments For Deal
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Nov 4 (Reuters) - Pattern Energy Group Inc PEGI.O :

* PATTERN ENERGY GROUP INC - CPPIB HAS OBTAINED EQUITY FINANCING COMMITMENTS AND DEBT FINANCING COMMITMENTS FOR DEAL

* PATTERN ENERGY GROUP INC - BANKS HAVE AGREED TO PROVIDE COMMITTED DEBT FINANCING OF $950 MILLION TO CPPIB FOR DEAL

* PATTERN ENERGY GROUP INC - DEAL HAS A GO-SHOP PERIOD PROVISION FROM NOVEMBER 3, 2019 AND CONTINUING UNTIL 11:59 P.M. ON DECEMBER 8, 2019

* PATTERN ENERGY - WOULD BE REQUIRED TO PAY CPPIB TERMINATION FEE OF $79 MILLION IF CO ENTERS INTO A SUPERIOR PROPOSAL

* PATTERN ENERGY - CPPIB WOULD BE REQUIRED TO PAY CO TERMINATION FEE OF $204 MILLION UPON DEAL TERMINATION UNDER SPECIFIED CIRCUMSTANCES

* PATTERN ENERGY - IF CO ENTERS INTO SUPERIOR PROPOSAL & DEAL IS TERMINATED BY CPPIB DURING GO-SHOP PERIOD, CO TO PAY CPPIB TERMINATION FEE OF $52.7 MILLION

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