BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities assist
By Devika Patel
Knoxville, Tenn., April 29 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. said it priced its $74 million public offering of stock with an $11.1 million greenshoe. The offering was announced Tuesday.
The company will sell 4 million common shares at $18.50 apiece. The price per share is a 10.71% discount to the April 28 closing share price of $19.33.
BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities are the bookrunners.
Hannon Armstrong is a specialty finance company based in Annapolis, Md., that provides debt and equity financing for infrastructure projects.
| Issuer: | Hannon Armstrong Sustainable Infrastructure Capital, Inc.
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| Issue: | Common stock
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| Amount: | $74 million
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| Greenshoe: | $11.1 million
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| Shares: | 4 million
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| Price: | $18.50
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| Warrants: | No
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| Bookrunner: | BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities
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| Co-managers: | Baird and Roth Capital Partners
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| Announcement date: | April 28
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| Pricing date: | April 29
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| Stock symbol: | NYSE: HASI
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| Stock price: | $19.33 at close April 28
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| Market capitalization: | $534.52 million
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