Hannon Armstrong Sustainable Infrastructure Capital Announces Proposed Private Offering of $500M Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields
Portfolio Pulse from Benzinga Newsdesk
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) plans to issue $500 million in green senior unsecured notes due 2027 to fund ten near-term opportunities across various markets. The offering will be by its subsidiaries, HAT Holdings I LLC and HAT Holdings II LLC, and guaranteed by HASI and other entities. The anticipated yield is approximately 11%, aiming for a mid-teen Return on Equity.
December 04, 2023 | 12:40 pm
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POSITIVE IMPACT
HASI is issuing $500M in green bonds to invest in climate solutions, with a high anticipated yield and ROE, indicating a proactive growth strategy.
The announcement of a new bond offering to fund investment opportunities generally indicates a company's growth strategy and potential for future revenue increases. The high anticipated yield and Return on Equity suggest that HASI is confident in its investment choices, which could be viewed positively by investors. However, the impact on the stock price will depend on market conditions and investor perception of the company's debt levels and the sustainability of its growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100