$1B Wind Farm Package Blends Commercial, Development Debt

Law360, New York (October 12, 2012, 5:49 PM EDT) -- Pattern Energy Group LP on Friday closed a financing package for its 265-megawatt Ocotillo Express wind farm, tapping a seven-year commercial loan led by Deutsche Bank AG and RBC Capital Markets and 20-year debt from the North American Development Bank.

CEO Mike Garland declined to disclose the size of the loan package or each party's contribution, citing a nondisclosure agreement, but said the participation of the NADB — a multilateral bank that focuses on the U.S.-Mexican border region — wasn't due to a lack of interest...
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