debt
confidence high
sentiment neutral
materiality 0.65
HASI refinances $450M of 8% senior notes with new green debt issuances
HA Sustainable Infrastructure Capital, Inc.
- Redeemed all $450M outstanding of 8.000% senior notes due 2027 using proceeds from new issuances.
- Issued $600M of 7.125% green junior subordinated notes due 2056 and $400M of 6.000% green senior unsecured notes due 2036.
- New debt extends maturities to 2036 and 2056 vs. original 2027 maturity on redeemed notes.
- Combined $1B in new green notes replaces $450M in higher-coupon debt, reducing average interest cost and extending duration.