HA Sustainable Infrastructure Capital, Inc. (HASI): debt financing — HASI issues $500M of 8.000% Green Junior Subordinated Notes due 2056

HA Sustainable Infrastructure Capital, Inc.

Issued $500M aggregate principal of 8.000% Green Junior Subordinated Notes due 2056; net proceeds to repay revolver and commercial paper, and fund eligible green projects.
Interest fixed at 8.000% through June 1, 2031, then resets to 5-year Treasury plus 4.301% with an 8.000% floor.
Notes are subordinate and junior to all senior indebtedness and effectively junior to secured debt and subsidiary obligations.
Issuer may redeem notes at 100% of principal (plus accrued interest) after certain dates; change-of-control triggers 101% redemption or 5% interest step-up.
Guarantees provided by several subsidiaries; guarantees may automatically terminate if the guarantor no longer guarantees other corporate debt.

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 $500,000,000 aggregate principal amount with Investors at 8.000% per year from November 20, 2025 to June 1, 2031, then reset based on Five maturing 2056.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: Investors
Rate: 8.000% per year from November 20, 2025 to June 1, 2031, then reset based on Five
Maturity: 2056
Event: incurrence

Exact text from the filing

On November 20, 2025, HA Sustainable Infrastructure Capital, Inc., a Delaware corporation (the “Company”), issued $500,000,000 aggregate principal amount of its 8.000% Green Junior Subordinated Notes due 2056 (the “Notes”), under an indenture, dated as of June 24, 2025 (the “Base Indenture”), between the Company, Hannon Armstrong Sustainable Infrastructure, L.P., a Delaware limited partnership (the “Operating Partnership”), Hannon Armstrong Capital, LLC, a Maryland limited liability company (“HAC”), HAT Holdings I LLC, a Maryland limited liability company (“HAT I”), HAT Holdings II LLC, a Maryland limited liability company (“HAT II” and, together with HAT I, the “Offerors”), HAC Holdings I LLC, a Delaware limited liability company (“HAC Holdings I”) and HAC Holdings II LLC, a Delaware limited liability company (“HAC Holdings II,” and collectively with the Operating Partnership, HAC, HAT I, HAT II and HAC Holdings I, the “Guarantors”), as guarantors, and U.S. Bank Trust Company, Nationa

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Source: SEC EDGAR

accession 0001193125-25-290008

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