Daily News: November 27, 2017

RBC Downsizes Pattern Energy Revolver to $440MM


Pattern Energy Group amended its credit agreement, downsizing its revolving credit limit from $500 million to $440 million.

The amendment will permit Pattern to request increases to the facility of up to $600 million and 250% of the borrower cash flow (as defined in the agreement), subject to receipt of commitments and other customary conditions.

According to a related 8-K filing, Royal Bank of Canada acted as administrative agent, swingline lender, collateral agent and l/c issuer. Bank of Montreal was syndication agent and l/c issuer. Citibank and Bank of America were also l/c issuers, and Bank of Montreal was syndication agent. Citbank was documentation agent.