HASI Prices $400 Million Offering of Green Senior Unsecured Notes

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HA Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in sustainable infrastructure assets, announced that it has priced a registered public offering of $400 million in aggregate principal amount of 6.000% green senior unsecured notes due 2036. The company plans to use the net proceeds from the offering to temporarily repay borrowings, redeem existing notes, and acquire, invest in or refinance new and/or existing eligible green projects.

Why it matters

This green bond offering allows HASI to raise capital to continue investing in sustainable infrastructure assets like utility-scale solar, onshore wind, energy storage, renewable natural gas, and energy efficiency projects. As a leader in the sustainable infrastructure space, HASI's ability to access the public debt markets on favorable terms demonstrates continued investor appetite for environmentally-focused investments.

The details

The notes will be guaranteed by several HASI subsidiaries and the company estimates net proceeds of approximately $395.5 million after underwriting discounts and offering expenses. HASI plans to use the funds to temporarily pay down borrowings under its credit facilities, redeem existing senior notes, and acquire or invest in new eligible green projects within the next two years.

• The notes are expected to settle on March 2, 2026.
• The notes will mature on February 15, 2036.

What’s next

HASI plans to use the net proceeds from the note offering to acquire, invest in or refinance new and/or existing eligible green projects within the next two years.