HA Sustainable Infrastructure Capital, Inc. (HASI): debt financing — HASI issues $550M 8.00% green senior unsecured notes due 2027

HA Sustainable Infrastructure Capital, Inc.

Issued $550M of 8.00% green senior unsecured notes due June 15, 2027 via subsidiaries HAT Holdings I & II.
Net proceeds allocated to new/existing eligible green projects or general corporate purposes pending investment.
Notes are senior unsecured, guaranteed by parent, operating partnership, and HAC; springing guarantee covenant for domestic subsidiaries.
Change of control triggers repurchase at 101% of principal plus accrued interest; optional redemption with make-whole prior to March 15, 2027.
Interest payable semi-annually on June 15 and Dec 15 starting June 15, 2024.

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 senior notes of $550,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 8.00% per year maturing June 15, 2027.

Instrument: senior notes
Principal: $550,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 8.00% per year
Maturity: June 15, 2027
Event: incurrence

Exact text from the filing

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 $550,000,000 aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”)

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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 $550,000,000 aggregate principal amount (effective 2023-12-07).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $550,000,000 aggregate principal amount
Effective: 2023-12-07

Exact text from the filing

issued $550,000,000 aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) under an indenture, dated as of December 7, 2023 (the “Indenture”), between the Issuers and 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 Operating Partnership, the “Guarantors”), as guarantors, and U.S. Bank Trust Company, National Association, as trustee.

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

HA Sustainable Infrastructure Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-290724

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