8point3 Energy Partners LP Prices IPO At $21.00/shr - Quick Facts

(RTTNews) - 8point3 Energy Partners LP, a limited partnership formed by First Solar Inc. (FSLR) and SunPower Corp. (SPWR) to own and operate a portfolio of selected solar energy generation assets, announced today that it has priced an initial public offering of 20 million Class A shares, representing limited partner interests in 8point3 Energy Partners, at a price of $21.00 per share.

In addition, the underwriters have a 30-day option to purchase up to an additional 3 million shares from 8point3 Energy Partners at the IPO price, less the underwriting discount. The shares of 8point3 Energy Partners will be listed on the NASDAQ Global Select Market under the symbol "CAFD" and begin trading on June 19, 2015.

8point3 Energy Partners noted that it intends to use all of the net proceeds of the IPO to purchase the common units of 8point3 Operating Company, LLC , the entity that holds 8point3 Energy Partners' project assets. 8point3 Operating Company intends to use the proceeds from the sale of its common units to make a cash distribution to each of First Solar and SunPower and for general corporate purposes, including to fund future acquisition opportunities.

Goldman, Sachs & Co. and Citigroup Global Markets Inc. are acting as lead book running managers for the IPO. Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Credit Agricole Securities (USA) Inc. are acting as joint book-running managers for the IPO.