HASI Prices $400 Million Offering of Green Senior Unsecured Notes
MWN-AI** Summary
HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) has announced a public offering of $400 million in aggregate principal amount of 6.000% green senior unsecured notes due in 2036. This offering, which is set to settle on March 2, 2026, will be guaranteed by several affiliated entities, enhancing its attractiveness to investors. After covering underwriting discounts and estimated expenses, the net proceeds from the offering are expected to be around $395.5 million.
The company plans to use the proceeds for various financing needs, including temporarily repaying outstanding borrowings under its unsecured revolving credit facility and commercial paper programs. Additionally, a portion may be used to redeem the company's 8.00% senior notes due 2027. Importantly, these funds will also be directed toward acquiring, investing in, or refinancing eligible green projects that align with HASI's focus on sustainable infrastructure. These projects may include those with disbursements made within the previous year or those planned for the next two years, thus supporting Hasl’s mission of advancing energy transition.
Leading financial institutions, including BofA Securities, Goldman Sachs, and Morgan Stanley, are serving as joint book-running managers for this offering, with additional support from other notable financial firms.
HASI remains committed to delivering risk-adjusted returns and environmental benefits through its investments, which encompass a diverse range of renewable energy assets. This offering is aligned with their ongoing strategy to enhance their capital structure while supporting sustainable infrastructure development. As always, prospective investors are encouraged to review the associated risks and read the full prospectus available through the Securities and Exchange Commission's website.
MWN-AI** Analysis
HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) recently announced the pricing of its $400 million offering of green senior unsecured notes with a 6.000% interest rate due in 2036. This strategic move is not only aimed at raising funds to support sustainable projects but also serves as a refinancing opportunity to strengthen the company's financial position.
Investors should appreciate the potential impact of these green notes. The net proceeds, approximately $395.5 million after costs, will primarily be directed toward reducing the company's existing debt obligations and enhancing its capital structure. More specifically, HASI plans to pay down borrowings from its revolving credit facility and reduce outstanding commercial paper, as well as, potentially redeem higher-interest 8.00% senior notes due 2027. This proactive debt management could lead to improved interest expense savings and greater financial flexibility.
HASI’s focus on financing eligible green projects aligns with current market trends favoring sustainability and environmental responsibility. As governments and investors increasingly prioritize green initiatives, HASI's investments in renewable infrastructure like solar and wind energy projects position the company favorably in a growing sector.
However, investors should also be mindful of potential risks, including market volatility, interest rate fluctuations, and regulatory changes affecting the renewable energy sector. The company's stock performance may also be influenced by broader market conditions and consumer sentiment toward sustainable investments.
In summary, HASI’s $400 million green note issuance is a strategic step that not only reflects its commitment to sustainability but also strengthens its financial health. Given the growing demand for green assets, investors may find this offering attractive, providing both an opportunity for capital appreciation and an alignment with environmental values. Cautious monitoring of regulatory developments and overall market conditions will be essential for optimizing investment strategies in this dynamic space.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
HA Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” “we,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on February 19, 2026, it priced its registered public offering of $400 million in aggregate principal amount of 6.000% green senior unsecured notes due 2036 (the “Notes”). At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC, HAT Holdings I LLC, HAT Holdings II LLC, HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on March 2, 2026, subject to customary closing conditions.
The Company estimates that the net proceeds from the offering of the Notes will be approximately $395.5 million, after deducting the underwriting discounts and estimated offering expenses. The Company intends to utilize the net proceeds from the offering of the Notes to (i) temporarily repay a portion of the outstanding borrowings under the Company’s unsecured revolving credit facility, (ii) temporarily repay a portion of the outstanding borrowings under the Company’s commercial paper programs or (iii) redeem all or a lesser amount of the outstanding principal amount of the Company’s 8.00% Senior Notes due 2027 (the “2027 Notes”) as described below. We will use cash equal to the net proceeds from this offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date. Prior to the full investment of an amount equal to such net proceeds in such eligible green projects, we intend to apply the net proceeds as set forth above and to invest any remaining net proceeds in interest-bearing accounts and short-term, interest-bearing securities.
BofA Securities, Inc., Goldman Sachs & Co. LLC, Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, Rabo Securities USA, Inc., SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., Barclays Capital Inc., Citigroup Global Markets Inc., ING Financial Markets LLC, Natixis Securities Americas LLC, RBC Capital Markets, LLC, and Scotia Capital (USA) Inc. are acting as Joint Book-Running Managers for the offering. KeyBanc Capital Markets Inc. and M&T Securities, Inc. are acting as Co-Managers for the offering.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release shall not constitute a notice of redemption for the 2027 Notes.
The offering was made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the Securities and Exchange Commission’s website at www.sec.gov . Alternatively, you may request these documents by calling BofA Securities, Inc. at +1 (800) 294-1322, or by email at dg.prospectus_requests@bofa.com ; Goldman Sachs & Co. LLC, at +1 (866) 471-2526, or by email at prospectusny@ny.email.gs.com ; Credit Agricole Securities (USA) Inc. at +1-866-807-6030; Morgan Stanley & Co. LLC, toll-free at 1-866-718-1649; Rabo Securities USA, Inc. at +1 (212) 808-2562; or SMBC Nikko Securities America, Inc. at +1 (888) 868-6856 or at email prospectus@smbcnikko-si.com .
About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $16 billion in managed assets, HASI’s investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K for the Company’s fiscal year ended December 31, 2025, which were filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the Company files with the SEC.
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260220640325/en/
Investors:
Aaron Chew
investors@hasi.com
240-343-7526
Media:
Kenny Gayles
media@hasi.com
443-321-5756
FAQ**
How does Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) plan to utilize the net proceeds from the $400 million green senior unsecured notes offering to enhance its investment in eligible green projects?
What specific types of eligible green projects does Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) intend to invest in with the proceeds from the recent notes offering, and how do these align with its sustainability goals?
What risks and uncertainties should investors consider regarding the forward-looking statements made by Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) in light of its recent offering and overall investment strategy?
How will the management of Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) ensure transparency and provide updates to investors regarding the deployment of proceeds from the green senior unsecured notes in eligible projects?
**MWN-AI FAQ is based on asking OpenAI questions about Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI).
NASDAQ: HASI
HASI Trading
1.33% G/L:
$36.52 Last:
337,905 Volume:
$35.94 Open:
