---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-056130"
form_type: "8-K"
ticker: "HASI"
cik: "0001561894"
company_name: "HA Sustainable Infrastructure Capital, Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:02:39.416861+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HASI launches Green Junior Subordinated Notes offering; reports 2025 adjusted recurring NII of $362M, up 25% YoY

## Summary
- Managed Assets reached $16.1B as of Dec 31, 2025, up from $13.7B YoY.
- Adjusted Recurring Net Investment Income: $362M (2025), $289M (2024), $237M (2023).
- Completed $4.3B in transactions during 2025; 12-month pipeline exceeds $6.5B.
- Notes expected to receive 50% equity credit; proceeds to repay credit facility/commercial paper or redeem 8% Senior Notes due 2027.
- New asset yields averaged 10.8% in 2025; net spread on new debt was 4.0%.

## SEC filing metadata
- accession: 0001193125-26-056130
- form_type: 8-K
- ticker: HASI
- cik: 0001561894
- company_name: HA Sustainable Infrastructure Capital, Inc.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561894/000119312526056130/0001193125-26-056130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561894/000119312526056130/d21428d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-056130
- JSON: https://secwatch.observer/filing/0001193125-26-056130.json
- Plain text: https://secwatch.observer/filing/0001193125-26-056130.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.