Hannon Armstrong announces proposed securitization

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Hannon Armstrong announces proposed securitization

Hannon Armstrong Sustainable Infrastructure Capital has announced a private placement of a securitization transaction consisting of US$125 million in aggregate principal amount of Sustainable Yield Bonds with an anticipated repayment date of July 20, 2040.

The bonds will be payable from, and secured by, certain assets on the company's balance sheet and will not be insured or guaranteed by the company or any other affiliate thereof, or by any other person or entity. Hannon Armstrong Capital, LLC, the operating subsidiary of the company, will act as servicer for the securitization.

The bonds have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Sales of bonds to institutional accredited investors who are also qualified purchasers will be made directly by the issuer.

Hannon Armstrong provides debt and equity financing to the energy efficiency and renewable energy markets. They focus 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. They are based in Annapolis, Maryland.

List of country news

Country news

  • August 12, 2015

    Invenergy completes project financing for Prairie Breeze II Wind Energy Center

    Invenergy Wind has arranged debt and tax equity project financing for its Prairie Breeze II Wind Energy Center, which currently is under construction in Antelope and Boone Counties, Nebraska. Read more
  • August 12, 2015

    LS Power announces sale of Bluegrass Generation facility to East Kentucky Power Cooperative

    LS Power Equity Advisors, through a private fund it manages, has entered into an agreement with East Kentucky Power Cooperative (EKPC) to sell Bluegrass Generation. Read more
  • August 13, 2015

    SunEdison and TerraForm Power announce successful syndication

    SunEdison and TerraForm Power has announced the successful syndication of the US$280 million 7 year term loan facility of TerraForm Private Warehouse. Read more
  • August 13, 2015

    Sunedison partners with Dominion for the 420 MW Four Brothers solar project

    SunEdison has signed a definitive agreement with Dominion establishing a joint venture (JV) for the 420 MW Four Brothers solar project in Utah, developed by SunEdison. Read more
  • August 14, 2015

    CorEnergy names Jeff Teeven as Vice President of Finance

    CorEnergy Infrastructure Trust, Inc. has recently announced that it has named Jeff Teeven as Vice President of Finance. In addition, Lesley Robertshaw has joined CorEnergy as Manager of Investor Relations and Natalie Hill has joined as Assistant Corporate Secretary and Paralegal, adding strength to the Company's Corporate Finance and Governance team. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.