HASI

HASI Announces Proposed Private Offering of $500 Million Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Monday, December 4, 2023
Environment, Construction & Property, Other Energy, Environmental Health, Utilities, REIT, Sustainability, Alternative Energy, Energy, Other Construction & Property, HASI, Sale, Nature, NYSE, Note, HAT, Person, SEC Rule 144A, Regulation

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 primary rationale for the issuance is to fund ten identified near term opportunities in the pipeline across Behind-the-Meter, Grid-Connected and Fuels, Transport, and Nature markets and at weighted average anticipated yield of approximately 11%, resulting in mid-teen Return on Equity.
  • 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.
  • Additional investment opportunities have also already been identified and are consistent with the Company’s normal course investment profile.

HASI Adopts Tax Benefit Preservation Plan for Net Operating Losses

Retrieved on: 
Thursday, November 2, 2023
REIT, Alternative Energy, Energy, Construction & Property, Utilities, NOL, Security (finance), NYSE, Internal Revenue Code, Bangladesh Securities and Exchange Commission, Rights, Acquisition, HASI, Risk, Tax attribute, Holding company

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").
  • However, the Company’s ability to use its Tax Attributes may become substantially limited if HASI were to experience an "ownership change" as defined under Section 382 of the Internal Revenue Code.
  • The NOL Plan reduces the risk of an ownership change by deterring any person from obtaining beneficial ownership of 4.9 percent or more of HASI stock.
  • Any shares of HASI common stock issued after the record date will be issued together with a right.

HASI Announces Third Quarter 2023 Results, Record $0.62 Distributable EPS, Affirms Guidance, Continued Improvement in Margins

Retrieved on: 
Thursday, November 2, 2023
Environment, Construction & Property, Finance, Environmental Health, REIT, Professional Services, Alternative Energy, Energy, Environmental, Social and Governance (ESG), Growth, Investment, GAAP, HASI, Risk, Government, Judgement, Credit, Security (finance)

Previously included in this category was $11 million of loans we had made in a new market venture where the performance was not meeting expectations.

Key Points: 
  • Previously included in this category was $11 million of loans we had made in a new market venture where the performance was not meeting expectations.
  • We collected this loan in full in the second quarter of 2023 and accordingly released the related allowance.
  • This dividend will be paid on January 12, 2024, to stockholders of record as of December 29, 2023.
  • HASI will host an investor conference call today, Thursday, November 2, 2023, at 5:00 p.m. Eastern Time.

Climate United Announces Inaugural Board of Directors

Retrieved on: 
Friday, October 27, 2023
Environment, Environmental Policy, Environmental Issues, Utilities, Public Policy, Government, Philanthropy, Alternative Energy, Energy, White House, Federal Government, Foundation, Former, Left–right political spectrum, Environmental protection, Transport, Work, EPA, Inflation Reduction Act of 2022, HASI, Economic development, Climate, Social change, Inflation, Renewable energy, Management

Climate United, a collaboration to accelerate an equitable clean energy transition, announced today its inaugural board of directors.

Key Points: 
  • Climate United, a collaboration to accelerate an equitable clean energy transition, announced today its inaugural board of directors.
  • The board is comprised of leaders in clean energy, community and economic development, sustainable finance, civil rights, economic justice and movement building.
  • “This unique mix of directors and diversity of backgrounds and experiences will support the execution of the bold and ambitious strategy put forth by the Climate United consortium,” said Climate United CEO Beth Bafford.
  • Climate United offers the experience and relationships to ensure this significant federal investment will create both scalable and localized solutions that reach all our communities.

HASI Announces Third Quarter 2023 Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, October 18, 2023
Socially Responsible Investing, Construction & Property, REIT, Professional Services, Other Energy, Asset Management, Alternative Energy, Environment, Energy, Finance, Sustainability, HASI, NYSE, Eastern Time Zone, The Company, Online shopping

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2023 results after market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2023 results after market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time).
  • 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.

HASI Set to Join S&P SmallCap 600

Retrieved on: 
Wednesday, September 13, 2023
Recycling, Environment, Utilities, Alternative Energy, Environmental Health, Energy, Index, Climate, Growth, NYSE, HASI, S&P Global Ratings, Cryptocurrency

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "We," "Our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will be added to the S&P SmallCap 600 Index, effective prior to the open of trading on Monday, September 18, 2023.

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "We," "Our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will be added to the S&P SmallCap 600 Index, effective prior to the open of trading on Monday, September 18, 2023.
  • “We are proud to be included in the S&P SmallCap 600, another significant milestone for the Company,” said Jeffrey A. Lipson, President and CEO of HASI.
  • The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.
  • For more information on the S&P SmallCap 600 and S&P Dow Jones Indices, please visit www.spdji.com .

HASI and Summit Ridge Energy Expand Partnership with New 250 MW Community Solar Portfolio in Illinois and Maryland

Retrieved on: 
Tuesday, August 29, 2023
Alternative Energy, Energy, Utilities, Environment, Summit Ridge, Bomber, Growth, Partnership, Multimedia, NYSE, Carbon, Renewable energy, HASI

HASI (NYSE: HASI), a leading investor in climate solutions, today announced an expansion of its partnership with Summit Ridge Energy, the nation's leading commercial solar and energy storage company, to construct, own, and operate a 250-megawatt (MW) community solar portfolio.

Key Points: 
  • HASI (NYSE: HASI), a leading investor in climate solutions, today announced an expansion of its partnership with Summit Ridge Energy, the nation's leading commercial solar and energy storage company, to construct, own, and operate a 250-megawatt (MW) community solar portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20230829294162/en/
    Pictured: Jointly owned solar assets by HASI and Summit Ridge Energy within the existing portfolio.
  • (Photo Credit: Summit Ridge Energy)
    Per the agreement, HASI will provide financing for Summit Ridge Energy’s growing pipeline of community solar projects in Illinois and Maryland over the next two years.
  • “This expanded partnership doubles the size of the Summit Ridge Energy solar portfolio supported by HASI.

Ameresco Secures $300M Development and Construction Loan and Extends Maturity of Senior Secured Credit Facility Term Loan

Retrieved on: 
Thursday, August 24, 2023
Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Green Technology, Development Loan Fund, Construction, Growth, Bank, Partnership, Bank of America, NYSE, HASI, AMRC, Renewable energy

Additionally, Ameresco has entered into an amendment to the company’s current senior secured credit facility with a group of lenders led by Bank of America.

Key Points: 
  • Additionally, Ameresco has entered into an amendment to the company’s current senior secured credit facility with a group of lenders led by Bank of America.
  • This amendment adjusts the payment schedule for the Delayed Draw Term Loan A with final maturity extended to mid-December 2023.
  • The Construction and Development Loan along with the extension of our Delayed Draw Term Loan A facility, demonstrate Ameresco’s strong relationship with financing partners that can provide the capital needed to fund our current and future growth."
  • "We are pleased to continue our long-standing partnership with Ameresco and contribute to the ongoing expansion of their business.

GridPoint Named to the 2023 Inc. 5000 List of Fastest Growing Companies in America

Retrieved on: 
Wednesday, August 16, 2023
Calendar, Database, GridPoint, CO2, HASI, Global warming potential, Renewable energy, Cryptocurrency

RESTON, Va., Aug. 16, 2023 /PRNewswire-PRWeb/ -- GridPoint, a leader in building energy management and optimization technology that decarbonizes commercial buildings, today announced it has been named to Inc. Media's 2023 Inc. 5000 list of the nation's fastest-growing private companies for the third year in a row. GridPoint significantly improved its position over 2022, ranking nearly 1,000 spots higher this year.

Key Points: 
  • "It's an honor to be named to the Inc. 5000 list for the third consecutive year as GridPoint's growth trajectory continues to build year after year," said Mark Danzenbaker, CEO of GridPoint.
  • GridPoint also recently announced a credit facility of up to $150 million from HASI, a leading investor in climate solutions.
  • The 2023 Inc. 5000 is ranked according to percentage revenue growth when comparing 2019 and 2022.
  • Companies named to the Inc. 5000 are featured in Inc.'s September 2023 issue.

HASI Prices Private Offering of $350 Million of 3.750% Green Exchangeable Senior Unsecured Notes and Entry into Capped Call Transactions

Retrieved on: 
Tuesday, August 8, 2023
Energy, Environment, Climate Change, Other Energy, Sustainability, Exercise, HAT, Common stock, Issuer, REIT, SEC Rule 144A, Debt-to-GDP ratio, Person, Sale, Risk, Observation, NYSE, Convertible, HASI, Common, Security (finance), Note

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 settlement of the Notes is expected to occur on August 11, 2023, subject to customary closing conditions.
  • Additionally, the Company expects to use $32.9 million of cash on hand to enter into privately negotiated capped call transactions as described below.
  • If the initial purchasers exercise their option to purchase additional Notes, the Issuers intend to enter into additional capped call transactions with the option counterparties (as defined below).