2023-12-04 07:43:43 ET
- Hannon Armstrong Sustainable Infrastructure Capital ( NYSE: HASI ) has announced a private offering of $500M in aggregate principal amount of green senior unsecured notes due 2027 by its indirect subsidiaries.
- The notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
- The primary rationale for the issuance is to fund ten identified near term opportunities in the pipeline across Behind-the-Meter, Grid-Connected and Fuels, Transport, and Nature markets and at weighted average anticipated yield of approximately 11%, resulting in mid-teen Return on Equity.
- The Company intends to allocate an amount equal to the net proceeds of the offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects and for general corporate purposes
- Source: Press Release
For further details see:
HASI announces proposed private offering of $500 million notes