Hannon Armstrong sets Tuesday investor call for $300 million five-year green bonds

By Paul A. Harris

Portland, Ore., June 24 – Hannon Armstrong Sustainable Infrastructure Capital Inc. set an investor conference call for 12:30 p.m. ET on Tuesday to roll out a $300 million offering of five-year senior notes (BB+/BB+).

The company asserts that the deal is green eligible.

Pricing is set for later in the June 24 week.

Wells Fargo Securities LLC is the left bookrunner. BofA Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S for life notes become callable after two years at par plus 50% of the coupon.

The Annapolis, Md.-based mortgage real estate investment trust plans to use the proceeds to pay down its existing secured borrowings and for general corporate purposes, including new investments in green eligible projects.

The issuing entities are HAT Holdings I LLC and HAT Holdings II LLC.

Hannon Armstrong invests in climate change solutions by providing capital to the leading companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.

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