Hasi prices $400M offering of green senior notes

Hasi prices $400M offering of green senior notes

HASI Prices $600 Million Offering of Green Junior Subordinated Notes

HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) announced on February 18, 2026, that it priced a registered public offering of $600 million in aggregate principal amount of 7.125% green junior subordinated notes due 2056. The Notes, guaranteed by several affiliated entities, are structured to support the company's focus on sustainable infrastructure investments. Settlement is expected on February 27, 2026, subject to customary conditions.

The offering is part of HASI's strategy to optimize its capital structure. The company plans to use the net proceeds—approximately $592.2 million after underwriting discounts and expenses—to temporarily repay borrowings under its unsecured revolving credit facility, commercial paper programs, or redeem portions of its 8.00% Senior Notes due 2027. Any remaining funds will be invested in interest-bearing accounts or short-term securities until deployed in eligible green projects.

Eligible projects include existing and new initiatives aligned with HASI's sustainability goals, such as utility-scale solar, onshore wind, renewable natural gas, and energy efficiency. The company emphasized that proceeds will fund projects with disbursements occurring within two years of the offering.

The Notes are marketed to investors seeking long-term, fixed-income returns tied to environmentally beneficial assets. Credit rating agencies are anticipated to grant the securities 50% equity credit, enhancing HASI's capital efficiency while maintaining its focus on the energy transition.

Joint book-running managers for the offering include BofA Securities, Inc., Goldman Sachs & Co. LLC, and other major firms. HASI, which manages over $16 billion in assets, continues to expand its portfolio of clean energy and sustainable infrastructure projects, positioning itself to capitalize on growing demand for decarbonization solutions.

This article is based on publicly available information and does not constitute investment advice.