2024-01-09 08:14:45 ET
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HASI ( NYSE: HASI ) on Tuesday launched a private offering of $100 million of 8.00% green senior unsecured notes due 2027 by its indirect subsidiaries.
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The notes will be additional notes and form part of the same class as the company’s existing 8.00% green senior unsecured notes due 2027.
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At issuance, the notes will be guaranteed by the company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
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The primary rationale for the issuance is to fund seven 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.
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HASI launches $100M green senior notes