Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Pricing of its Public Offering of Common Stock
May 24 2023 - 8:31PM
Business Wire
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
("HASI," "we", "our", or the "Company") (NYSE: HASI), a leading
investor in climate solutions, today announced the pricing of its
public offering of 13,043,479 shares of common stock at a price to
the public of $23.00 per share for total estimated gross proceeds
of approximately $300 million. The Company has granted the
underwriters a 30-day option to purchase up to 1,956,521 additional
shares of common stock. The Company intends to utilize the net
proceeds of this offering for general corporate purposes.
J.P. Morgan, BofA Securities, Goldman Sachs & Co. LLC,
Morgan Stanley, Barclays, Citigroup, RBC Capital Markets, Truist
Securities and Wells Fargo Securities are acting as joint
book-running managers for the offering. SMBC Nikko, B. Riley
Securities, Baird, Credit Suisse, KeyBanc Capital Markets and
Oppenheimer & Co. are acting as co-managers.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission ("SEC") and has
become effective. The offering will be made by means of a
prospectus supplement and accompanying prospectus. A copy of the
prospectus supplement and accompanying prospectus related to the
offering can be obtained by contacting J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at
prospectus-eq_fi@jpmchase.com, BofA Securities, NC1-022-02-25, 201
North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus
Department, Email: dg.prospectus_requests@bofa.com or Goldman Sachs
& Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, New York 10282, telephone: 1-866-471-2526, facsimile:
1-212-902-9316, or by emailing prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the offered shares, nor
shall there be any sale of such shares in any state or other
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 other jurisdiction.
About HASI
HASI (NYSE: HASI) is a leading climate positive public company
that actively partners with clients to deploy real assets that
facilitate the energy transition. With more than $10 billion in
managed assets, our vision is that every investment improves our
climate future.
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. Forward-looking
statements are not predictions of future events. 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, 2022,
which was filed with the 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 businesswire.com: https://www.businesswire.com/news/home/20230524005974/en/
INVESTOR RELATIONS Neha Gaddam investors@hasi.com
410-571-6189
HA Sustainable Infrastru... (NYSE:HASI)
Historical Stock Chart
From Sep 2024 to Oct 2024
HA Sustainable Infrastru... (NYSE:HASI)
Historical Stock Chart
From Oct 2023 to Oct 2024