Hannon Armstrong unit obtains $161.6 million five-year term loan

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. obtained a $161.6 million five-year term on Dec. 29 through an indirect subsidiary, according to an 8-K filed with the Securities and Exchange Commission.

The term loan bears interest at a fixed rate of 4.9% per annum. Principal and interest will be paid quarterly starting in February.

The loan is scheduled to mature Dec. 29, 2020, and the expected debt remaining to be repaid at maturity is $132.2 million.

Deutsche Bank AG acted as administrative agent.

About $92.1 million of the loan was used to pay down outstanding balances under the project financing loan agreement portion of the company’s existing senior secured revolving credit facility.

Hannon Armstrong is a specialty finance company based in Annapolis, Md., that provides debt and equity financing for infrastructure projects.

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