secwatch.observer — SEC 8-K summary
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Issuer:     HA Sustainable Infrastructure Capital, Inc. (HASI)
CIK:        0001561894
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001561894-24-000058
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

HASI and KKR form $2B clean energy JV; each commits $1B
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- Each HASI and KKR affiliate commits $1B to JV; 18-month investment period for clean energy projects.
- KKR Hoops to pay ~$54.7M to HASI subsidiary for 50% interest; closing expected by May 17, 2024.
- HASI to provide sourcing and management services; upfront fee 1%, ongoing fee 0.5%-1% pa.
- JV has acquired two seed assets; HASI may provide back-stop guarantees for project obligations.
- KKR may terminate if closing fails by May 31, 2024; minimum $300M deployed by 6-month mark required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561894/000156189424000058/0001561894-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561894/000156189424000058/hasi-20240504.htm
  HTML page:      https://secwatch.observer/filing/0001561894-24-000058

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