HA Sustainable Infrastructure Capital, Inc. (HASI) has priced a $600 million offering of 7.125% green junior subordinated notes due 2056. The company intends to use the net proceeds, estimated at $592.2 million, to repay existing credit facilities or senior notes, and to allocate an equivalent amount to eligible green projects. HASI, which has a market capitalization of approximately $4.9 billion, has a history of consistent dividend payments and projects growth in sales and net income this year.
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HASI prices $600 million green junior subordinated notes offering
HA Sustainable Infrastructure Capital, Inc. (HASI) has priced a $600 million offering of 7.125% green junior subordinated notes due 2056. The company intends to use the net proceeds, estimated at $592.2 million, to repay existing credit facilities or senior notes, and to allocate an equivalent amount to eligible green projects. HASI, which has a market capitalization of approximately $4.9 billion, has a history of consistent dividend payments and projects growth in sales and net income this year.