8Point3 Energy Partners annouces merge completed

SAN JOSE, Calif., June 19, 2018 /PRNewswire/ -- 8point3 Energy Partners LP (CAFD) (8point3 or February 5, 2018, by and among the Partnership and certain affiliates of the Partnership, Capital Dynamics Clean Energy and Infrastructure V JV, LLC, an equity fund managed by Capital Dynamics, Inc., and certain other co-investors (collectively, Capital Dynamics). As previously disclosed, a majority of the outstanding 8point3 public Class A shareholders approved the transactions at a special meeting held on May 23, 2018.
the Partnership) today announced that it has closed the mergers and other transactions contemplated by the Agreement and Plan of Merger and Purchase Agreement, dated as of

As a result of the transactions, 8point3's Class A shares will no longer be publicly traded on the NASDAQ stock exchange. 8point3 intends to file the relevant form with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, requesting the deregistration of its Class A shares and the suspension of 8point3's reporting obligations under the Exchange Act.

Pursuant to the transactions, the Partnership's Class A shareholders, and the sponsors of the Partnership, First Solar, Inc. (FSLR) and SunPower Corporation (SPWR), as indirect holders of common and subordinated units in 8point3 Operating Company, LLC, the Partnership's operating company (OpCo), received $12.48 per share or per unit in cash (merger consideration). No consideration was received by the sponsors for the incentive distribution rights they owned in OpCo or their interests in 8point3 General Partner, LLC, the general partner of the Partnership.

The Partnership's Class A shares held of record by shareholders in book-entry form with The Depository Trust Company will receive the merger consideration for their respective interests on or about June 25, 2018.