Reported Earlier, HASI Announces Proposed Private Offering Of $350M Green Exchangeable Senior Unsecured Notes And Intention To Enter Into Capped Call Transactions
Portfolio Pulse from Happy Mohamed
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has announced a private offering of $350 million in green exchangeable senior unsecured notes due 2028. The company may use a portion of the net proceeds from this offering to repurchase certain of the 2023 Convertible Notes. The company also intends to enter into privately negotiated capped call transactions. The notes will be offered only to qualified institutional buyers.

August 07, 2023 | 2:48 pm
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NEUTRAL IMPACT
HASI's announcement of a $350M private offering of green exchangeable senior unsecured notes may impact its stock price. The company's intention to use proceeds to repurchase 2023 Convertible Notes and enter into capped call transactions could also influence the stock's performance.
The announcement of a private offering can have varying effects on a company's stock price. It could be seen as a positive sign of growth and expansion, potentially driving the price up. However, it could also be viewed as a sign of financial distress, which could drive the price down. The company's intention to use the proceeds to repurchase 2023 Convertible Notes and enter into capped call transactions adds another layer of complexity to the potential impact on the stock price.
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