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HASI Extends and Upsizes Bank Facilities to $1.625 Billion, Further Strengthening Diversified Funding Platform

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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has extended and upsized its bank facilities to $1.625 billion, strengthening its funding platform. The company increased its CarbonCount®-Based Revolving Credit Facility to $1.25 billion, its CarbonCount®-Based Term Loan Facility to $250 million, and its CarbonCount Green Commercial Paper Note Program to $125 million. The facilities have been extended, with unchanged margins, providing interest rate reductions based on achieving certain CarbonCount metrics. HASI focuses on climate solutions and invests in assets with neutral to negative carbon emissions, tracking impact through its CarbonCount tool.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) ha ampliato e aumentato le sue strutture bancarie fino a 1,625 miliardi di dollari, rafforzando la sua piattaforma di finanziamento. La società ha incrementato il suo Fondo di Credito Rotativo basato su CarbonCount® a 1,25 miliardi di dollari, il suo Prestito a Termine basato su CarbonCount® a 250 milioni di dollari e il suo Programma di Carte Commerciali Verdi CarbonCount a 125 milioni di dollari. Le strutture sono state estese, con margini invariati, fornendo riduzioni dei tassi di interesse basate sul raggiungimento di determinati criteri CarbonCount. HASI si concentra su soluzioni climatiche e investe in beni con emissioni di carbonio neutre o negative, monitorando l'impatto attraverso il suo strumento CarbonCount.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) ha ampliado y aumentado sus instalaciones bancarias hasta los 1.625 billones de dólares, fortaleciendo su plataforma de financiación. La compañía aumentó su Facilidad de Crédito Revolvente basada en CarbonCount® a 1.25 billones de dólares, su Facilidad de Préstamo a Plazo basada en CarbonCount® a 250 millones de dólares, y su Programa de Notas Comerciales Verdes CarbonCount a 125 millones de dólares. Las facilidades se han extendido, con márgenes sin cambios, proporcionando reducciones de tasas de interés basadas en la consecución de ciertas métricas de CarbonCount. HASI se enfoca en soluciones climáticas e invierte en activos con emisiones de carbono neutrales a negativas, rastreando el impacto a través de su herramienta CarbonCount.
Hannon Armstrong 지속 가능한 인프라 자본, Inc. (HASI)은 은행 시설을 16억 2천 5백만 달러로 확대 및 증대하여 자금 조달 플랫폼을 강화했습니다. 회사는 CarbonCount® 기반 회전 신용 시설을 12억 5천만 달러로, CarbonCount® 기반 정기 대출 시설을 2억 5천만 달러로, CarbonCount 그린 상업용 어음 프로그램을 1억 2천 5백만 달러로 증가시켰습니다. 이 시설들은 변경되지 않은 마진으로 연장되었으며, 특정 CarbonCount 지표를 달성함에 따라 이자율 감소를 제공합니다. HASI는 기후 해결책에 중점을 두고 탄소 배출이 중립적이거나 부정적인 자산에 투자하며, CarbonCount 도구를 통해 영향을 추적합니다.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) a étendu et augmenté ses facilités bancaires à 1,625 milliard de dollars, renforçant sa plateforme de financement. La société a augmenté sa facilité de crédit renouvelable basée sur CarbonCount® à 1,25 milliard de dollars, sa facilité de prêt à terme basée sur CarbonCount® à 250 millions de dollars, et son programme de billets à ordre commerciaux verts CarbonCount à 125 millions de dollars. Les facilités ont été prolongées, avec des marges inchangées, offrant des réductions de taux d'intérêt basées sur la réalisation de certaines métriques CarbonCount. HASI se concentre sur les solutions climatiques et investit dans des actifs à émissions de carbone neutres à négatives, suivant l'impact à travers son outil CarbonCount.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) hat seine Bankfazilitäten auf 1,625 Milliarden Dollar erweitert und vergrößert, um seine Finanzierungsplattform zu stärken. Das Unternehmen hat seine drehbare Kreditfazilität auf Basis von CarbonCount® auf 1,25 Milliarden Dollar erhöht, seine Kreditfazilität auf Basis von CarbonCount® auf 250 Millionen Dollar und sein CarbonCount Green Commercial Paper Note Programm auf 125 Millionen Dollar. Die Fazilitäten wurden verlängert, mit unveränderten Margen, und bieten Zinssenkungen an, die auf das Erreichen bestimmter CarbonCount-Metriken basieren. HASI konzentriert sich auf Klimaschutzlösungen und investiert in Vermögenswerte mit neutralen bis negativen Kohlenstoffemissionen und verfolgt die Auswirkungen mit seinem CarbonCount-Werkzeug.
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ANNAPOLIS, Md.--(BUSINESS WIRE)-- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we", "our", or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that it has amended and extended its corporate unsecured credit facilities with a syndicate of banks. The committed capacity under the Company’s CarbonCount®-Based Revolving Credit Facility has increased from $915 million to $1.25 billion, outstanding amounts under the CarbonCount®-Based Term Loan Facility are $250 million, and the CarbonCount® Green Commercial Paper Note Program (the “CarbonCount Green CP Program”) has increased from $100 million to $125 million, totaling $1.625 billion across the three facilities.

The revolving line of credit has been extended by four years maturing in 2028, the term loan A has been extended for three years maturing in 2027, and the green CP program has been extended for two years maturing in 2026. The applicable margins remain unchanged for all three bank facilities at 187.5 bps for the revolving line of credit, 212.5 bps for term loan A, and 140 bps for the green CP program. Each facility provides for interest rate reductions if HASI achieves certain levels of its CarbonCount metric on an annual basis. The CarbonCount Green CP Program was the first fully green commercial paper program in the United States when launched in 2021.

“The upsize and term extension of our credit facilities simultaneously addresses a majority of our 2025 maturities and enhances the flexibility of our diversified funding platform,” said Marc Pangburn, Chief Financial Officer, HASI. “A well-balanced platform of bank borrowings, unsecured debt, and project debt allows us to maintain an opportunistic approach to debt financing.”

The revolving line of credit and term loan A includes a 14 bank syndicate led by J.P. Morgan as administrative agent, sustainability structuring agent, and lead left arranger. BofA Securities, Inc. is the dealer and green structuring advisor for the CarbonCount Green CP Program.

Measuring the Climate Impact of Every Investment

Consistent with our investment thesis and sustainability investment policy, HASI only invests in assets that are neutral to negative on incremental carbon emissions or have some other tangible environmental benefit, such as reducing water consumption. We track and report on the impact of all investments utilizing CarbonCount, a proprietary scoring tool for evaluating real assets to determine the efficiency by which each dollar of invested capital avoids annual carbon dioxide equivalent emissions (CO2e). This first-of-its-kind methodology promotes transparency in project finance by creating a simple and comparable metric for infrastructure projects to be evaluated in terms of how much capital investment is mitigating climate change.

About HASI

HASI (NYSE: HASI) is a leading climate positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition. With more than $12 billion in managed assets, our vision is that every investment improves our climate future. For more information, please visit hasi.com.

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. Forward-looking statements are not predictions of future events. 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 (as supplemented by our Form 10-K/A) for the Company's fiscal year ended December 31, 2023, which was filed with the 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.

Investor Inquiries

Neha Gaddam

investors@hasi.com

410-571-6189

Media Inquiries

Conor Fryer

media@hasi.com

443-321-5754

Source: Hannon Armstrong Sustainable Infrastructure Capital, Inc.

FAQ

What is the total amount of HASI's bank facilities after the extension and upsizing?

HASI's bank facilities total $1.625 billion after the extension and upsizing.

What is the purpose of HASI's CarbonCount®-Based Revolving Credit Facility?

HASI's CarbonCount®-Based Revolving Credit Facility provides funding for climate solutions investments.

Which bank syndicate led the revolving line of credit and term loan A for HASI?

The revolving line of credit and term loan A for HASI were led by a 14 bank syndicate with J.P. Morgan as the administrative agent.

What is the significance of HASI's CarbonCount metric in its investments?

HASI's CarbonCount metric evaluates the efficiency of investments in avoiding annual carbon dioxide equivalent emissions, promoting transparency in project finance.

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