Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
8point3 Energy Partners LP (“8point3” or the “Company”) (NASDAQ-GS:CAFD) recently completed a follow-on offering of 8,050,000 Class A shares of common stock at $14.65, generating gross proceeds of approximately $118 million. All of the shares were primary.8point3 is a growth-oriented limited partnership 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. As of September 16, 2016, 8point3’s portfolio consisted of interests in 535 MW of solar energy projects that are diversified across solar photovoltaic technologies and customer sectors. The Company is based in San Jose, California.
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- Date
- September 2016
- Company
- 8point3 Energy Partners LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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