Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager on this offering.

About

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) (“Hannon Armstrong” or the “Company”) recently completed an initial public offering of 14,151,689 shares of common stock at a price of $12.50 per share, generating gross proceeds of approximately $176.9 million. Hannon Armstrong intends to use the net proceeds from the offering for the completion of eight financing transactions totaling $110.0 million, the repayment of an existing credit facility and for general corporate purposes.

Hannon Armstrong is a specialty finance company that provides debt and equity financing for profitable sustainable infrastructure projects. The Company focuses on projects that increase energy efficiency, provide cleaner energy sources, positively impact the environment or make more efficient use of natural resources. Hannon Armstrong focuses primarily on three types of sustainable infrastructure projects: (i) energy efficiency projects, such as HVAC systems, lighting and energy controls; (ii) clean energy projects, such as solar, wind and geothermal; and (iii) other sustainable infrastructure projects, such as water or communications infrastructure. With the completion of the offering, the Company has changed its organizational structure and will continue operations as a REIT, which will allow it to expand its ability to serve the rapidly growing sustainable infrastructure market. Hannon Armstrong is headquartered in Annapolis, Maryland.

For additional information about this transaction, please contact:

Greg Ingram (415) 627-3279
Michael Horwitz (415) 627-3284
Jeff Rogatz (202) 303-1823
Brian Sapp (415) 627-3288
Thomas O’Hare (202) 303-1811
Anthony Siu +86 (21) 618 209 80
Technology & Services
Initial Public Offering
Date
April 2013
Company
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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