Deal Details
Follow-On Offering
Summary
Baird served as a joint bookrunner on this offering.
About
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company”) (NYSE:HASI) recently completed a follow-on offering of 4,600,000 shares of common stock for total estimated gross proceeds of approximately $94.3 million, including the exercise of the over-allotment option. Hannon Armstrong intends to use the net proceeds from the offering to repay outstanding borrowings under existing credit facilities and for general corporate purposes.Hannon Armstrong is a specialty finance company that provides debt for, and makes equity investments in, sustainable infrastructure 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. The Company is headquartered in Annapolis, Maryland.
For additional information about this transaction, please contact:
- Date
- June 2016
- Company
- Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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