Hannon Armstrong to price $750 million five-year bullet on Monday; initial talk in 3¾% area

By Paul A. Harris

Portland, Ore., June 14 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. plans to price a $750 million offering of five-year senior bullet notes in a Monday drive-by, according to market sources.

Initial guidance is in the 3¾% area.

J.P. Morgan Securities LLC is leading the deal.

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

Proceeds will be used to redeem the HAT Holdings’ 5¼% senior notes due 2024, which are green bonds.

Following the redemption, the company intends to use the incremental proceeds to acquire or refinance, in whole or in part, eligible green projects.

The prospective issuer is an Annapolis, Md.-based company that invests in energy efficiency, renewable energy, and other sustainable infrastructure markets.

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