Pattern Energy Group Inc. (NasdaqGS:PEGI) and Vertuous Energy LLC entered into an agreement to acquire Grady Wind facility in New Mexico from Pattern Energy Group 2 LP for approximately $200 million on October 10, 2019. Pattern Energy Group Inc. (NasdaqGS:PEGI) acquired 51% class B member interest for $99.5 million and Public Sector Pension Investment Board acquired the remaining class B member interest for $95.6 million. In related transaction, Pattern Energy Group Inc. entered into an agreement for a $260 million private placement of perpetual preferred stock with certain institutional investors and 50% equity ownership interest in the 300 MW Henvey Inlet Wind facility for $184 million. Pattern Energy intends to use a portion of the net proceeds from private placement to finance the acquisitions. The transaction has been approved by Pattern Energy Board of Directors. The Pattern Energy intends to use the $256 million of net proceeds from the Series A Preferred Stock to finance the acquisition of ownership interests in the Henvey Inlet Wind and Grady Wind facilities and pay related expenses and fees. The Henvey Inlet and Grady acquisitions are immediately accretive to CAFD per share with each facility. Franziska Ruf of Davies Ward Phillips & Vineberg LLP acted as legal advisor to Public Sector Pension Investment Board. Paul Kraske and Aryan Moniri of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Pattern Energy Group 2 LP. Pattern Energy Group Inc. (NasdaqGS:PEGI) and Vertuous Energy LLC completed the acquisition of Grady Wind facility in New Mexico from Pattern Energy Group 2 LP on October 10, 2019.