ANNAPOLIS, Md., April 23, 2014 /PRNewswire/ -- Hannon Armstrong
Sustainable Infrastructure Capital, Inc. (the "Company") (NYSE:
HASI) announced today the pricing of its underwritten public
offering of 5,000,000 shares of common stock at a price of
$13.00 per share.
The Company has granted the underwriters a 30-day option to
purchase up to 750,000 additional shares of common stock at the
public offering price, less the underwriting discount.
BofA Merrill Lynch, UBS Investment Bank and Wells Fargo
Securities are acting as joint book-running managers for the
offering. Baird, RBC Capital Markets and FBR are acting as
co-managers.
The offering of shares will be made under the Company's
registration statement, which was declared effective by the
Securities and Exchange Commission (the "SEC") on April 23, 2014. The offering will be made
only by means of a prospectus, copies of which may be obtained
from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus
Department, or by e-mailing dg.prospectus_requests@baml.com; from
UBS Securities, LLC, 299 Park Avenue, New
York, New York 10171, Attention: Prospectus Department, or
by telephone at 888-827-7275; or from Wells Fargo Securities, LLC,
375 Park Avenue, 4th Floor, New York, New
York 10152, Attention: Equity Syndicate, or by telephone at
800-326-5897, or by e-mailing cmclientsupport@wellsfargo.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any 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.
About Hannon Armstrong Sustainable Infrastructure Capital,
Inc.:
Hannon Armstrong makes debt and
equity investments in sustainable infrastructure projects. The
Company focuses on profitable projects that increase energy
efficiency, provide cleaner energy, positively impact the
environment, or make more efficient use of natural resources. The
Company began its business more than 30 years ago, and since 2000,
using its direct origination platform, it has provided or arranged
over $4.5 billion of financing in
more than 475 sustainable infrastructure transactions. Hannon Armstrong targets projects that have high
credit quality obligors, fully contracted revenue streams and
inherent economic value.
The Company, based in Annapolis,
MD, intends to elect to be taxed as a real estate investment
trust, or REIT, for federal income tax purposes beginning with its
taxable year ended December 31,
2013.
Forward-Looking Statements
Some of the information contained in this press release are
forward-looking statements and 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, the words such as "believe," "expect, "anticipate,"
"estimate," "plan," "continue," "intend," "should," "may," 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 report on Form 10-K dated March 18, 2014 that was filed with the SEC under
SEC Commission File Number 001-35877, as well as in other reports
that the Company files with the SEC. The risks disclosed in such
reports filed with the SEC are not exhaustive. Additional factors
could adversely affect the Company's business and financial
performance. Moreover, the Company operates in a very competitive
and rapidly changing environment. New risk factors emerge from time
to time and it is not possible for management to predict all such
risk factors, nor can the Company assess the impact of all such
risk factors on its business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking
statements.
Contact: Investor/Media Relations
Phone: 410-571-6189
Email: investors@hannonarmstrong.com
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital,
Inc.