Deal Details
HASI Completes $345 Million Follow-On Offering
Summary
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI” or the “Company”) (NYSE: HASI) completed a follow-on offering of 15,000,000 shares of common stock at a price of $23.00 per share, inclusive of the underwriters’ option to purchase additional shares, generating gross proceeds of approximately $345.0 million. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include repaying debt or acquiring target assets in accordance with its investment strategy.
Baird served as a co-manager on this offering.
About
HASI is a climate positive company that actively partners with clients to deploy real assets that facilitate the energy transition. HASI believes that it is one of the first U.S. public companies solely dedicated to climate solutions. The Company’s goal is to generate attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change. HASI is headquartered in Annapolis, Maryland.CONTACT US TO LEARN MORE
- Date
- June 2023
- Company
- Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Target Geography
- North America
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