ANNAPOLIS, Md., Aug. 15, 2017 /PRNewswire/ -- Hannon Armstrong
Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE:
HASI) announced today that it is commencing an underwritten public
offering, subject to market conditions and other factors, of
$135 million aggregate principal
amount of convertible senior notes due 2022. The Company also plans
to grant to the underwriters a 30‑day over-allotment option to
purchase up to an additional $15
million aggregate principal amount of the notes. The Company
intends to use the net proceeds from this offering to repay
outstanding borrowings under one or both of its senior secured
revolving credit facility and its recourse credit facility, or for
general corporate purposes. The interest rate, conversion rate and
other terms of the notes will be determined at the time of pricing
the offering.
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Deutsche Bank Securities, BofA Merrill Lynch and J.P. Morgan are
acting as joint book-running managers for the offering. Nomura 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
preliminary prospectus supplement and accompanying prospectus. A
copy of the preliminary prospectus supplement and accompanying
prospectus related to the offering can be obtained by contacting
Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention:
Prospectus Group, Email: prospectus.cpdg@db.com; BofA Merrill
Lynch, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001, Attention: Prospectus
Department, Email: dg.prospectus_requests@baml.com or J.P.
Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, email: prospectus-eq_fi@jpmchase.com,
3rd Floor.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Company's securities,
nor shall there be any sale of such securities 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 Hannon Armstrong
Hannon Armstrong (NYSE: HASI)
invests in the sustainable infrastructure markets, including energy
efficiency and renewable energy. The Company focuses on providing
preferred or senior level capital to established sponsors and high
credit quality obligors for assets that generate long-term,
recurring and predictable cash flows. The Company is based in
Annapolis, MD.
Forward-Looking Statements
Some of the information in this press release contains
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, 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 for the fiscal year
ended December 31, 2016, 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.
Contact: Investor/Media Relations
Phone: 410-571-6189
Email: investors@hannonarmstrong.com
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital,
Inc.