First Wind advances IPO plans (Boston)

First Wind Holdings LLC took another step toward its pending IPO Monday, filing an amendment with the Securities and Exchange Commission that names its IPO underwriters and reports the company’s earnings through the end of 2009.

Newton, Mass.-based First Wind, which develops wind farms, named Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. and Morgan Stanley as its lead underwriters. The new regulatory filing reports the company had $28.8 million and $47.1 million in revenue in 2008 and 2009, respectively. It booked operating losses of $64.3 million in 2008 and $57.1 million in 2009. Previously, First Wind had reported earnings only through the end of 2007.

The company also updated its balance sheet, reporting total assets of $1.7 billion — including $31.4 million in cash and cash equivalents and $1.4 billion tied up in property, equipment, plants and construction in progress.

The Boston Business Journal post has additional details.