HA Sustainable Infrastructure Capital, Inc. (HASI): debt financing — HASI issues $402.5M 3.750% Green Exchangeable Senior Notes due 2028

HA Sustainable Infrastructure Capital, Inc.

Issued $402.5M 3.750% green exchangeable notes, due 2028; includes $52.5M from full exercise of initial purchasers' option.
Used ~$76.3M net proceeds to repurchase $76.3M of its 0.00% Convertible Senior Notes due 2023.
Net proceeds allocated to eligible green projects; entered capped call transactions costing $37.8M to reduce dilution on conversion.
Exchange price $27.14 per share (25% premium to Aug 7 close); initial exchange rate 36.8494 shares per $1,000 note.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HA Sustainable Infrastructure Capital, Inc. incurred convertible notes of $402.5 million aggregate principal amount at 3.750% maturing February 15, 2028.

Instrument: convertible notes
Principal: $402.5 million aggregate principal amount
Rate: 3.750%
Maturity: February 15, 2028
Event: incurrence

Exact text from the filing

issued $402.5 million aggregate principal amount of 3.750% Green Exchangeable Senior Unsecured Notes due 2028

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HA Sustainable Infrastructure Capital, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $402.5 million aggregate principal amount (effective 2023-08-11).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $402.5 million aggregate principal amount
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023 Hannon Armstrong Sustainable Infrastructure Capital, Inc., a Maryland corporation (the “Company”), through its indirect subsidiaries HAT Holdings I LLC, a Maryland limited liability company (“HAT I”), and HAT Holdings II LLC, a Maryland limited liability company (“HAT II”, and together with HAT I, the “Issuers”), issued $402.5 million aggregate principal amount of 3.750% Green Exchangeable Senior Unsecured Notes due 2028 (the “Notes”) (which includes $52.5 million aggregate principal amount of Notes offered and sold pursuant to the option of the Initial Purchasers (as defined below) to purchase additional Notes that was exercised in full) under an indenture, dated as of August 11, 2023 (the “Indenture”), among the Issuers, the Company, Hannon Armstrong Sustainable Infrastructure, L.P., a Delaware limited partnership (the “Operating Partnership”) and Hannon Armstrong Capital, LLC, a Maryland limited liability company (“HAC,” and collectively with the Company and the O

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

HA Sustainable Infrastructure Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-210880

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.