Latest news with #HASI
Business Wire
6 days ago
- Business
- Business Wire
HASI Welcomes Nitya Gopalakrishnan as Chief Operating Officer
ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'We,' 'Our,' or the 'Company') (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the appointment of Nitya Gopalakrishnan as Executive Vice President and Chief Operating Officer. In this role, Ms. Gopalakrishnan will lead the company's technology, data strategy, and operational strategy as HASI continues to scale its investment platform and internal infrastructure to support expected continued growth. Before joining HASI, Ms. Gopalakrishnan spent 25 years at BlackRock, where she held a range of leadership roles focused on driving business transformation, modernizing platforms, and large-scale systems integration. Most recently, she served as Head of Technology Platform and Chief Operating Officer for BlackRock's Separately Managed Accounts (SMA) platform. 'We are delighted Nitya has joined our talented executive team,' said Jeffrey A. Lipson, President and Chief Executive Officer of HASI. 'She brings vast experience leading complex platforms across technology, operations, and business transformations. Her strategic mindset and passion for mission-driven work will be a powerful asset to our executive team as we continue to scale our platform and deepen our impact.' 'I'm excited to join HASI at a time of tremendous opportunity,' said Nitya Gopalakrishnan. 'Its mission-driven culture, strong values, and longstanding commitment to innovation deeply resonate with me. I look forward to partnering with colleagues across the firm to advance our technology and data platform and elevate operational excellence.' About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit
Yahoo
27-06-2025
- Business
- Yahoo
HASI Announces Early Results and Upsizing of Cash Tender Offer for 3.375% Senior Notes Due 2026 and 8.00% Green Senior Unsecured Notes Due 2027
ANNAPOLIS, Md., June 27, 2025--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ("HASI") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the early results of the previously announced tender offer (the "Tender Offer") by its indirect subsidiaries, HAT Holdings I LLC, a Maryland limited liability company ("HAT I") and HAT Holdings II LLC, a Maryland limited liability company ("HAT II," and together with HAT I, the "Company"), to purchase the outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes). Additionally, the Company announced the increase of the Maximum Aggregate Principal Amount from $500,000,000 to an amount sufficient to accept up to $700,000,000 aggregate principal amount of the Notes (the "Maximum Aggregate Principal Amount"). The Company has also increased the series cap on the 3.375% Senior Notes due 2026 from $250,000,000 to $400,000,000 (as amended, the "Series Cap"). Except as described in this press release, all other terms and conditions of the Tender Offer remain unchanged and are described in the Offer to Purchase dated June 12, 2025 (the "Offer to Purchase"). The Financing Condition for the Tender Offer as described in the Offer to Purchase has been satisfied. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. According to the information provided by D.F. King & Co., Inc., $920,279,000 in aggregate principal amount of the Notes were validly tendered and not validly withdrawn as of the Early Tender Deadline. In addition, the aggregate principal amount of each Series of Notes that were validly tendered and not validly withdrawn as of the Early Tender Deadline is set forth in the table below. Title of Security CUSIP / ISIN Aggregate Principal Amount Outstanding Prior to the Tender Offer Series Cap Acceptance Priority Level Principal Amount Tendered as of Early Tender Deadline(1) Principal Amount Expected to be Accepted as of Early Tender Time Proration Factor(2) 3.375% Senior Notes due 2026 418751 AE3/ U2467R AE9 $1,000,000,000 $400,000,000 1 $509,215,000 $400,000,000 78.58% 8.00% Green Senior Unsecured Notes due 2027 418751 AL7/ U2467R AF6 $750,000,000 N/A 2 $411,064,000 $300,000,000 73.01% (1) As reported by D.F. King & Co., Inc., the tender and information agent for the Tender Offer. (2) The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. Because the total aggregate principal amount of the Notes validly tendered prior to the Early Tender Deadline exceeds $700,000,000 of Notes to be accepted, the Company does not expect to accept any further tenders of Notes following the Early Tender Deadline. The Company will accept for purchase up to the Maximum Aggregate Principal Amount of Notes validly tendered and not validly withdrawn as shown in the table above and in accordance with the acceptance priority levels specified in the table above and on the cover page of the Offer to Purchase. Holders of Notes validly tendered and not validly withdrawn on or before the Early Tender Deadline and accepted for purchase will be eligible to receive the applicable Total Tender Offer Consideration (as defined in the Offer to Purchase), which includes an Early Tender Premium (as defined in the Offer to Purchase) of $30 per $1,000 principal amount of Notes. The applicable Total Tender Offer Consideration will be determined by reference to a fixed spread specified for such Series of Notes over the yield based on the bid-side price of the applicable U.S. Treasury Security, as described in the Offer to Purchase. The Total Tender Offer Consideration will be calculated by the Dealer Managers (identified below) for the Tender Offer at 9:00 a.m., New York City time, on June 27, 2025. All payments for Notes purchased in connection with the Early Tender Deadline will also include accrued and unpaid interest on the principal amount of Notes tendered and accepted for purchase from the last interest payment date applicable to the relevant Series of Notes up to, but not including, the early settlement date, which is currently expected to be June 30, 2025 (the "Early Settlement Date"). In accordance with the terms of the Tender Offer, the withdrawal deadline was 5:00 p.m., New York City time, on June 26, 2025. As a result, tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by the Company). Notes that have been validly tendered and not validly withdrawn at or before the Early Tender Deadline and are accepted in the Tender Offer will be purchased, retired and cancelled by the Company on the Early Settlement Date. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are the Dealer Managers for the Tender Offer. D.F. King & Co., Inc. is the Tender Agent and Information Agent. Persons with questions regarding the Tender Offer should contact J.P. Morgan Securities LLC at +1 (866) 834-4666 (toll free) or +1 (212) 834-3554 (collect) or Citigroup Global Markets Inc. (toll-free) at +1 (800) 558-3745 or +1 (212) 723-6106 (collect). Questions regarding the tendering of Notes and requests for copies of the Offer to Purchase and related materials should be directed to D.F. King & Co., Inc. at (212) 269-5550 (for banks and brokers) or (866) 416-0577 (all others, toll-free) or email HASI@ This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase dated June 12, 2025. There is no separate letter of transmittal in connection with the Offer to Purchase. None of the Company, HASI, the HASI Board of Directors, the Dealer Managers, the Tender Agent and Information Agent or the trustee with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offer, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, HASI's investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. Forward-Looking Statements: This release may contain "forward-looking statements," which include information concerning the expected timing for completion of the Tender Offer and the expected settlement date thereof, other terms of the Tender Offer, and other information that is not historical information. When used in this release, the words "outlook," "forecast," "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. Numerous other factors, many of which are beyond HASI's control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in HASI's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and HASI undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. View source version on Contacts Investors: Aaron Chewinvestors@ 240-343-7526 Media: Kenny Gaylesmedia@ 443-321-5756
Business Insider
17-06-2025
- Business
- Business Insider
Shoals Technologies announces Bobbie King as chief legal officer
Shoals Technologies (SHLS) announced the addition of Bobbie King as chief legal officer and corporate secretary to drive its legal strategy. King joins Shoals from HASI (HASI), where he served as senior VP and deputy chief legal officer. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
13-06-2025
- Business
- Yahoo
CORRECTING AND REPLACING HASI Prices Offering of $1 Billion of Green Senior Unsecured Notes
ANNAPOLIS, Md., June 13, 2025--(BUSINESS WIRE)--First paragraph, first sentence of release should read: HA Sustainable Infrastructure Capital, Inc. ("HASI," "our," "we," or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 12, 2025, it priced its registered public offering of ... $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2035. (instead of ... $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2034). The updated release reads: HASI PRICES OFFERING OF $1 BILLION OF GREEN SENIOR UNSECURED NOTES HA Sustainable Infrastructure Capital, Inc. ("HASI," "our," "we," or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 12, 2025, it priced its registered public offering of $600.0 million in aggregate principal amount of 6.15% green senior unsecured notes due 2031 and $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2035. At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC, HAT Holdings I LLC ("HAT I"), HAT Holdings II LLC ("HAT II" and together with HAT I, the "Offerors"), HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on June 24, 2025, subject to customary closing conditions. The Company estimates that the net proceeds from the offering of the Notes will be approximately $987.3 million, after deducting the underwriting discounts and estimated offering expenses. The Company intends to utilize the net proceeds from the offering of the Notes (i) to fund previously announced cash tender offers for a portion of the Offerors' 3.375% Senior Notes due 2026 and a portion of the Offerors' 8.00% Green Senior Unsecured Notes due 2027 that are accepted subject to the terms and conditions of such tender offers, and the payment of related accrued and unpaid interest, premiums, fees and expenses related thereto, (ii) to temporarily repay a portion of the outstanding borrowings under our unsecured revolving credit facility, or (iii) to temporarily repay a portion of the outstanding borrowings under our commercial paper program. We will use cash equal to the net proceeds from this offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date. Prior to the full investment of an amount equal to such net proceeds in such eligible green projects, we intend to apply the net proceeds as set forth above and to invest any remaining net proceeds in interest-bearing accounts and short-term, interest-bearing securities. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Truist Securities, Inc., BofA Securities, Inc., BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, and Rabo Securities USA, Inc. are acting as Joint Book-Running Managers for the offering. KeyBanc Capital Markets Inc., M&T Securities, Inc., and SMBC Nikko Securities America, Inc. are acting as Co-Managers for the offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the Securities and Exchange Commission's website at Alternatively, you may request these documents by calling Citigroup Global Markets Inc. toll-free at +1 (800) 831-9146, J.P. Morgan Securities LLC collect at +1 (212) 834-4533, RBC Capital Markets, LLC toll-free at +1 (866) 375-6829 or Truist Securities, Inc. toll-free at +1 (800) 685-4786. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, HASI's investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. Forward-Looking Statements Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Company's Annual Report on Form 10-K (as supplemented by our Form 10-K/A) for the Company's fiscal year ended December 31, 2024, which were filed with the U.S. Securities and Exchange Commission ("SEC"), as well as in other reports that the Company files with the SEC. Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release. View source version on Contacts Investors: Aaron Chewinvestors@ 240-343-7526Media: Gil Jenkinsmedia@ 443-321-5753 Sign in to access your portfolio
Business Wire
13-06-2025
- Business
- Business Wire
CORRECTING AND REPLACING HASI Prices Offering of $1 Billion of Green Senior Unsecured Notes
ANNAPOLIS, Md.--(BUSINESS WIRE)--First paragraph, first sentence of release should read: HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'our,' 'we,' or the 'Company') (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 12, 2025, it priced its registered public offering of ... $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2035. (instead of ... $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2034). The updated release reads: HASI PRICES OFFERING OF $1 BILLION OF GREEN SENIOR UNSECURED NOTES HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'our,' 'we,' or the 'Company') (NYSE: HASI), a leading investor in sustainable infrastructure assets, announced that yesterday, on June 12, 2025, it priced its registered public offering of $600.0 million in aggregate principal amount of 6.15% green senior unsecured notes due 2031 and $400.0 million in aggregate principal amount of 6.75% green senior unsecured notes due 2035. At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC, HAT Holdings I LLC ('HAT I'), HAT Holdings II LLC ('HAT II' and together with HAT I, the 'Offerors'), HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on June 24, 2025, subject to customary closing conditions. The Company estimates that the net proceeds from the offering of the Notes will be approximately $987.3 million, after deducting the underwriting discounts and estimated offering expenses. The Company intends to utilize the net proceeds from the offering of the Notes (i) to fund previously announced cash tender offers for a portion of the Offerors' 3.375% Senior Notes due 2026 and a portion of the Offerors' 8.00% Green Senior Unsecured Notes due 2027 that are accepted subject to the terms and conditions of such tender offers, and the payment of related accrued and unpaid interest, premiums, fees and expenses related thereto, (ii) to temporarily repay a portion of the outstanding borrowings under our unsecured revolving credit facility, or (iii) to temporarily repay a portion of the outstanding borrowings under our commercial paper program. We will use cash equal to the net proceeds from this offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date. Prior to the full investment of an amount equal to such net proceeds in such eligible green projects, we intend to apply the net proceeds as set forth above and to invest any remaining net proceeds in interest-bearing accounts and short-term, interest-bearing securities. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Truist Securities, Inc., BofA Securities, Inc., BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, and Rabo Securities USA, Inc. are acting as Joint Book-Running Managers for the offering. KeyBanc Capital Markets Inc., M&T Securities, Inc., and SMBC Nikko Securities America, Inc. are acting as Co-Managers for the offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the Securities and Exchange Commission's website at Alternatively, you may request these documents by calling Citigroup Global Markets Inc. toll-free at +1 (800) 831-9146, J.P. Morgan Securities LLC collect at +1 (212) 834-4533, RBC Capital Markets, LLC toll-free at +1 (866) 375-6829 or Truist Securities, Inc. toll-free at +1 (800) 685-4786. About HASI HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, HASI's investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. Forward-Looking Statements Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as 'believe,' 'expect,' 'anticipate,' 'estimate,' 'plan,' 'continue,' 'intend,' 'should,' 'may,' 'target,' or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption 'Risk Factors' included in the Company's Annual Report on Form 10-K (as supplemented by our Form 10-K/A) for the Company's fiscal year ended December 31, 2024, which were filed with the U.S. Securities and Exchange Commission ('SEC'), as well as in other reports that the Company files with the SEC. Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
