Hannon Armstrong to redeem its 5¼% million green notes due 2024

By Rebecca Melvin

Concord, N.H., June 14 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. plans to redeem its 5¼% green senior notes due 2024 using proceeds of a new notes offering, according to a company news release.

After the redemption, the company intends to use the incremental proceeds of the new notes to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, the eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date.

The entities issuing the notes will be indirect subsidiaries HAT Holdings I LLC and HAT Holdings II LLC.

The Annapolis, Md.-based company invests in energy efficiency, renewable energy, and other sustainable infrastructure markets.

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