Hannon Armstrong Sustainable Infrastructure to conduct stock offering

By Devika Patel

Knoxville, Tenn., March 6 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. will sell 3 million common shares in a public sale with a 30-day greenshoe for 450,000 additional shares, according to a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the bookrunning managers. Robert W. Baird & Co. Inc. and Oppenheimer& Co. Inc. are the co-managers.

Proceeds will be used to acquire target assets, to repay debt or for general corporate purposes.

Hannon Armstrong is a specialty finance company based in Annapolis, Md., that provides debt and equity financing to the energy efficiency and renewable energy markets.

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