Sol-Wind Renewable Power, LP Announces Commencement of Initial Public Offering

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Jan 29, 2015, 04:25 ET

NEW YORK, Jan. 29, 2015 /PRNewswire/ -- Sol-Wind Renewable Power, LP ("Solwind") announced today that it has commenced an initial public offering of 8,700,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC"). Solwind will grant the underwriters in the offering a 30-day option to purchase up to 1,305,000 additional common units from Solwind at the initial public offering price. The initial public offering price is currently expected to be between $19.00 and $21.00 per common unit. Solwind has been approved to list its common units on the New York Stock Exchange under the ticker symbol "SLWD."

Solwind is a growth-oriented limited partnership formed to own, acquire, invest in and manage operating solar and wind power generation assets. Solwind expects to use the aggregate net proceeds from the offering and from the sale of subordinated units and common units to an affiliate of its general partner to acquire equity and debt interests in a diversified portfolio of 184.6 megawatts of solar and wind power generation assets in the United States, Puerto Rico and Canada from its general partner.

UBS Investment Bank and Citigroup will serve as joint book-running managers and structuring agents for the offering. Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities and Macquarie Capital will also act as joint book-running managers. Bonwick Capital, MFR Securities, Inc. and The Williams Capital Group, L.P. will act as co-managers for the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers be accepted prior to the time that the registration statement becomes effective. This offering will be made only by means of a written prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from:

UBS Securities LLC
Attn: Prospectus Department
299 Park Avenue, New York, NY 10171
Toll-Free: (888) 827-7275

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
[email protected]
Toll-Free: (800) 831-9146

Copies of the registration statement can also be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements that may state Solwind's or its management's intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "could" and "expect" and similar terms. Although Solwind believes that its expectations and predictions are reasonable, it can give no assurance that these expectations or predictions will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets. Any forward-looking statements contained herein are made only as of the date of this press release, and Solwind does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

SOURCE Sol-Wind Renewable Power, LP