Hannon Armstrong amends BofA loan to upsize commitment to $250 million

By Tali Rackner

Norfolk, Va., June 3 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. amended its senior secured credit facility on Wednesday to upsize the commitment amount of the project financing loan agreement to $250 million from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

The maximum advances allowed under the facility were also increased, to $900 million from $700 million.

In addition, the amendment expanded the eligibility criteria to reflect current market opportunities in distributed energy assets.

Bank of America, NA is the administrative agent.

The company makes debt and equity investments in sustainable infrastructure projects and is based in Annapolis, Md.

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