Business Wire·Nov 10, 2026, 8:01 AM ET

HASI Prices $500 Million Offering of Green Junior Subordinated Notes

HASI

HASI priced $500 million in aggregate principal amount of 7.850% green junior subordinated notes due 2057 on November 9, 2026.
The Notes will be subordinatedly guaranteed by multiple Hannon Armstrong entities including Hannon Armstrong Sustainable Infrastructure, L.P.
Settlement is expected to occur on November 24, 2026, subject to customary closing conditions.
Net proceeds are estimated at approximately $493.3 million after deducting underwriting discounts & offering expenses.
Proceeds will temporarily repay portions of outstanding borrowings under the Standalone Commercial Paper Program, Unsecured Credit Facility, or Credit-Enhanced Commercial Paper Program.
Funds will ultimately be used to acquire, invest in, or refinance eligible green projects with disbursements made in the twelve months preceding issuance or within two years following.
Uninvested net proceeds will be placed in interest-bearing accounts & short-term interest-bearing securities until deployed.
Mizuho Securities USA LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, Truist Securities, Inc., Barclays Capital Inc., BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., M&T Securities, Inc., Natixis Securities Americas LLC, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., & SMBC Nikko Securities America, Inc. are acting as Joint Book-Running Managers.
The offering was made via prospectus available through the SEC website or by contacting the lead underwriters.
HASI manages over $19 billion in diversified sustainable infrastructure assets including utility-scale solar, onshore wind, storage, RNG, & energy efficiency.