HASI announced the pricing of a $400 million green senior unsecured notes offering, carrying a 6.000% coupon and maturing in 2036. The notes are guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P. and a group of affiliated entities, and the company expects net proceeds of approximately $395.5 million after underwriting discounts and offering expenses.
The proceeds will be used to temporarily repay portions of the company’s unsecured revolving credit facility and its commercial paper programs, and to redeem outstanding principal on its 8.000% senior notes due 2027. Any remaining funds will be invested in or used to refinance eligible green projects, including renewable natural gas, wind, and solar assets.
This financing expands HASI’s capital structure by providing a low‑cost, fixed‑rate source of capital that supports its growth strategy and maintains its investment‑grade credit profile. The company’s credit ratings have recently been upgraded to investment grade by all three major agencies—S&P, Fitch, and Moody’s—underscoring the market’s confidence in its financial strength.
The green nature of the notes aligns with HASI’s mission to finance climate‑positive infrastructure. Proceeds earmarked for renewable projects reinforce the company’s commitment to sustainable development and enhance its appeal to investors seeking environmentally responsible assets.
HASI has been active in the debt markets, having priced a $600 million green junior subordinated notes offering due 2056 the day before. The consistent use of debt to fund its expanding portfolio—$15 billion in managed assets as of the third quarter of 2025—demonstrates a disciplined capital‑raising strategy.
By reducing debt maturity risk and providing a stable source of long‑term funding, the notes position HASI to continue scaling its portfolio of sustainable infrastructure assets while preserving its investment‑grade status and supporting its long‑term growth objectives.
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