HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on November 9, 2026, it priced its registered public offering of $500 million in aggregate principal amount of 7.850% green junior subordinated notes due 2057. At issuance, the Notes will be guaranteed on a subordinated basis by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon
Armstrong Capital, LLC, HAT Holdings I LLC, HAT Holdings II LLC, HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on November 24, subject to customary closing conditions.
We estimate that the net proceeds from the offering of the Notes will be approximately $493.3 million, after deducting the underwriting discounts and estimated offering expenses.
We intend to utilize the net proceeds from the offering of the Notes (i) to temporarily repay a portion of the outstanding borrowings under our Standalone Commercial Paper Program and (ii) to potentially temporarily repay a portion of the outstanding borrowings under our Unsecured Credit Facility or our Credit-Enhanced Commercial Paper Program.
We will use cash equal to the net proceeds from this offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the 12 months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date.
HA shares fell 61 cents, or 1.6%, to $38.57.
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