Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a 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 5,465,000 shares of common stock (including exercise of the overallotment option) generating gross proceeds of approximately $122 million. The Company intends to use the net proceeds from the sale of common shares for future financing activities and for general corporate purposes.

Hannon Armstrong provides capital and services focused on reducing climate changing greenhouse gas emissions, as well as mitigating the impact of, or increasing resiliency to, climate change. The Company focuses primarily on energy efficiency, renewable energy and other sustainable infrastructure markets. Hannon Armstrong focuses primarily on three types of sustainable infrastructure projects: (i) energy efficiency projects, such as HVAC systems, lighting and energy controls; (ii) renewable energy projects, such as solar and wind; and (iii) other sustainable infrastructure projects, such as water or communications infrastructure. The Company is headquartered in Annapolis, Maryland.
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Energy
Follow-on Offering
Date
January 2019
Company
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Transaction
M&A
Sectors
Energy
Target Location
North America

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