HASI

SunPower Secures More Than $300M in Project Financing Commitments for Industry-Leading Residential Solar and Storage Lease Programs

Retrieved on: 
Friday, February 23, 2024

RICHMOND, Calif., Feb. 23, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it has secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) (the "Apollo Funds"), ATLAS SP Partners, ("ATLAS SP") and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) ("HASI") for its residential solar and storage lease programs, which will be paid upon installation. The transaction supports SunPower's ability to offer a variety of attractive financing options to its customers, advancing its mission to change the way our world is powered.

Key Points: 
  • "SunPower's financing agnostic model is a differentiator in the industry and gives customers the ability to choose the best financing product for their needs," said Peter Faricy, SunPower CEO.
  • This includes amendments to its existing first lien financing and a second lien term loan from Sol Holding LLC.
  • Since 2010, SunPower has provided solar lease financing options to customers through its network of residential solar dealers across the U.S., new home builders where the company holds a market-leading position and direct sales teams.
  • SunPower lease contracts made up 73% of SunPower Financial originated volume in the fourth quarter of 2023 compared to 26% in the fourth quarter of 2022.

HASI Announces Fourth Quarter and Full Year 2023 Results, Dividend Increase, Record Closings, and New Three-Year Guidance

Retrieved on: 
Thursday, February 15, 2024

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.
  • Our Board of Director’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "Our updated earnings and dividend guidance demonstrates continued confidence in our strategy over the next three years."

Arevon and Blackstone Credit & Insurance Close $350 Million Preferred Equity, Debt, and ITC Transfer Financing for Condor Energy Storage Project

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK and SCOTTSDALE, Ariz., Feb. 13, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, together with Blackstone Credit & Insurance (BXCI), today announced a successful financial close for the 200 megawatt/800 megawatt-hour Condor Energy Storage Project (Condor) currently under construction in Grand Terrace, California.

Key Points: 
  • The project will be capable of providing firming capacity, enhancing grid reliability and stability alongside increased adoption of renewable energy resources.
  • Blackstone's preferred equity investment in Condor is structured to simplify the monetization of tax credits, eliminating the need for traditional tax equity financing.
  • Zachary Rubenstein, Managing Director in the Blackstone Credit & Insurance Sustainable Resources Group, commented "Arevon is a world-class renewable energy company, and we are excited to be their partner on the Condor financing.
  • Arevon secured real estate financing from climate investment firm HASI related to the Condor Energy Storage Project land.

HASI Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Friday, February 2, 2024

The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).

Key Points: 
  • The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
  • Participants should inform the operator you want to be joined to the HASI call.
  • The conference call will also be accessible as an audio webcast with slides on our website.
  • Financial and other material information regarding HASI is routinely posted on the Company's website and is readily accessible.

LeddarTech's Board of Directors Appoints Sylvie Veilleux and Lizabeth Ardisana

Retrieved on: 
Monday, January 29, 2024

QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.

Key Points: 
  • QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.
  • "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Chair of the Board.
  • Ms. Sylvie Veilleux is a strategic global technology leader and former CIO with over three decades of experience, holding top management positions at fast-growing technology firms.
  • Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively contributing as a business and civic leader.

LeddarTech's Board of Directors Appoints Sylvie Veilleux and Lizabeth Ardisana

Retrieved on: 
Monday, January 29, 2024

QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.

Key Points: 
  • QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.
  • "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Chair of the Board.
  • Ms. Sylvie Veilleux is a strategic global technology leader and former CIO with over three decades of experience, holding top management positions at fast-growing technology firms.
  • Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively contributing as a business and civic leader.

HASI Announces Add-On Private Offering of $100 Million Green Senior Unsecured Notes

Retrieved on: 
Tuesday, January 9, 2024

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date.

HASI Upsizes and Prices Add-On Private Offering of $200 Million of Green Senior Unsecured Notes at a Yield to Maturity of 7.08%

Retrieved on: 
Wednesday, January 10, 2024

The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.

Key Points: 
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $100 million in aggregate principal amount.
  • The Notes have been priced at 102.75%, plus accrued interest with a yield to maturity of 7.08% and yield to worst of 7.02%.

HASI Announces Conversion to C-Corporation

Retrieved on: 
Thursday, December 21, 2023

The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.

Key Points: 
  • The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "We've concluded that our optimal tax structure moving forward is to cease electing REIT status in 2024," said Jeffrey A. Lipson, President and CEO of HASI.
  • "This change leaves our investment strategy intact and provides greater flexibility to capitalize on the tremendous growth opportunities associated with the clean energy transition."

HASI Upsizes and Prices Private Offering of $550 Million of Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Tuesday, December 5, 2023

At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.

Key Points: 
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $500 million in aggregate principal amount.
  • The settlement of the Notes is expected to occur on December 7, 2023, subject to customary closing conditions.
  • The Company estimates that the net proceeds from the offering of the Notes will be approximately $543 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses.