secwatch.observer — SEC 8-K summary
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Issuer:     HA Sustainable Infrastructure Capital, Inc. (HASI)
CIK:        0001561894
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001193125-23-210880
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HASI issues $402.5M 3.750% Green Exchangeable Senior Notes due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561894/000119312523210880/0001193125-23-210880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561894/000119312523210880/d513938d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-210880

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer