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An announcement from HASI (HASI) is now available.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. has issued $700 million in 6.375% green senior unsecured notes due in 2034, to be used for repaying existing debts and investing in eligible green projects. The notes, offered to qualified institutional buyers and non-U.S. persons, are guaranteed by several of the company’s subsidiaries and will pay interest semi-annually until maturity or redemption. The company also has the option to repurchase the notes in the event of a control change and will undertake registration rights obligations to enable future exchange or resale of the notes. Additionally, this forms part of the company’s broader financial strategy, which includes terminating its Tax Benefits Preservation Plan in anticipation of a reincorporation from Maryland to Delaware.
For a thorough assessment of HASI stock, go to TipRanks’ Stock Analysis page.
