secwatch.observer — SEC 8-K summary
======================================

Issuer:     HA Sustainable Infrastructure Capital, Inc. (HASI)
CIK:        0001561894
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-056130
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561894/000119312526056130/0001193125-26-056130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561894/000119312526056130/d21428d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-056130

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