Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager on this offering.

About

8point3 Energy Partners (“8point3” or “the Company”) (NASDAQ-GS: CAFD) recently completed an initial public offering of 20,000,000 Class A common shares at a price of $21.00 per share generating gross proceeds of approximately $420.0 million. The Company intends to use the net proceeds from the offering to purchase the common units of 8point3 Operating Company, the entity that holds the Company’s project assets. 8point3 Operating Company intends to use the proceeds from the sale of its common units to make cash distributions to First Solar and SunPower, and for general corporate purposes, including to fund future acquisition opportunities.

8point3 is a growth-oriented limited partnership, or Yieldco, formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company’s primary objective is to generate predictable cash distributions that grow at a sustainable rate. The Company is headquartered in San Jose, California.

For additional information about this transaction, please contact:

Michael Horwitz +1 (415) 627-3284
Peter Kies +1 (414) 765-7262
Energy
Initial Public Offering
Date
June 2015
Company
8point3 Energy Partners LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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