debt
confidence high
sentiment neutral
materiality 0.60
HASI issues $1.0B of 5.950% green senior unsecured notes due 2033
HA Sustainable Infrastructure Capital, Inc.
- $1,000,000,000 aggregate principal; 5.950% coupon payable semiannually; mature July 15, 2033.
- Net proceeds to repay credit facility and commercial paper borrowings; cash equal to net proceeds used for eligible green projects.
- Notes are senior unsecured, guaranteed by Operating Partnership and certain subsidiaries; subject to make-whole redemption before May 15, 2033.
- Registration rights agreement executed; Company to file exchange offer registration statement within 364 days.
- Change of control triggers repurchase at 101% of principal plus accrued interest.