HASI Files 8-K/A Amendment No. 1 for Jan 9 'Other Events'

TL;DR

**HASI filed an 8-K/A, meaning they're correcting or adding details to a recent important event.**

AI Summary

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) filed an 8-K/A on January 10, 2024, amending a previous 8-K filing from January 9, 2024. This amendment, labeled as Amendment No. 1, clarifies or updates information related to 'Other Events' that occurred on January 9, 2024. For investors, this matters because amendments to 8-K filings often provide crucial corrections or additional details that could impact their understanding of significant company events, potentially affecting stock valuation or future outlook.

Why It Matters

This filing indicates a correction or update to previously reported significant events, which could alter an investor's perception of the company's recent activities or financial position.

Risk Assessment

Risk Level: low — An 8-K/A filing itself is generally low risk as it's an amendment, not necessarily a new negative event, but the underlying event it amends could carry risk.

Analyst Insight

A smart investor would review the original 8-K filing from January 9, 2024, and then carefully compare it with this 8-K/A to identify the specific changes or additions, as these details could be critical to understanding the company's recent activities.

Key Players & Entities

• Hannon Armstrong Sustainable Infrastructure Capital, Inc. (company) — the registrant filing the 8-K/A
• Maryland (company) — state of incorporation for Hannon Armstrong
• 001-35877 (other) — Commission File Number for Hannon Armstrong
• 46-1347456 (other) — IRS Employer Identification No. for Hannon Armstrong
• One Park Place, Suite 200, Annapolis, Maryland 21401 (other) — principal executive offices address
• (410) 571-9860 (other) — registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share HASI New York S
• $200 million — that the add-on offering was upsized to $200 million aggregate principal amount from the pre
• $100 million — al amount from the previously announced $100 million aggregate principal amount of 8.00% Gre
• $250 million — with an aggregate size of greater than $250 million and a weighted average anticipated yiel
• $4.5 billion — We calculate this amount as the sum of $4.5 billion of as adjusted Total liabilities as of
• $150.6 million — bilities as of September 30, 2023, less $150.6 million of Other liabilities as of September 30
• $85.9 million — es as of September 30, 2023, less a net $85.9 million reduction in balance under our unsecure
• $19.8 million — 23 and December 31, 2023 and less a net $19.8 million reduction in balance under our commerci
• $2.1 billion — he sum of Total stockholders' equity of $2.1 billion as of September 30, 2023 plus net proce
• $31.8 million — September 30, 2023 plus net proceeds of $31.8 million from at-the-market equity sales after S
• $3.8 billion — n in the preceding sentence as follows: $3.8 billion of Total liabilities as of September 30
• $550 million — bilities as of September 30, 2023, plus $550 million of our 8.00% Green Senior Unsecured Not
• $7.5 million — e 2027 issued on December 7, 2023 (less $7.5 million of fees and expenses for such offering)
• $162 million — s and expenses for such offering), plus $162 million of additional borrowings under our unse

Filing Documents

• d708967d8ka.htm (8-K/A) — 26KB
• 0001193125-24-005411.txt ( ) — 152KB
• hasi-20240109.xsd (EX-101.SCH) — 3KB
• hasi-20240109_lab.xml (EX-101.LAB) — 18KB
• hasi-20240109_pre.xml (EX-101.PRE) — 11KB
• d708967d8ka_htm.xml (XML) — 4KB

01

Item 8.01 Other Events. On January 9, 2024, Hannon Armstrong Sustainable Infrastructure Capital, Inc., a Maryland corporation (the "Company"), through its indirect subsidiaries HAT Holdings I LLC, a Maryland limited liability company ("HAT I"), and HAT Holdings II LLC, a Maryland limited liability company ("HAT II", and together with HAT I, the "Issuers") issued a preliminary offering memorandum in connection with the Issuers' add-on offering of $200 million aggregate principal amount of 8.00% Green Senior Unsecured Notes due 2027 in which the following was set forth. References herein to "we," "our," "us" and "our company" refer to the Company, Hannon Armstrong Sustainable Infrastructure, L.P., and any of the Company's other subsidiaries. We have seven identified near-term investment opportunities in various stages ranging from negotiating term sheets and letters of intent to executed term sheets and letters of intent with an aggregate size of greater than $250 million and a weighted average anticipated yield of approximately 11% (collectively, the "Identified Projects"). More specifically, we have identified three such Behind-the-Meter ("BTM") investments with a weighted average anticipated yield range of approximately 10.50% to 11.00%, one such Grid-Connected ("GC") investment with a anticipated yield of approximately 11.00%, and three such Fuels, Transport, and Nature ("FTN") investments with a weighted average anticipated yield range of approximately 10.50% to 12.00%. An "anticipated yield" represents the yield that we calculate when evaluating potential investments and is the rate at which we discount the estimated cash flows of such investments. In calculating anticipated yields, we make the same assumptions as those used in our calculation of underwritten yield as described under the heading "Portfolio Yield" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. The anticipated yield amounts shown are based on various assumpti

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. By: /s/ Steven L. Chuslo Steven L. Chuslo Executive Vice President and Chief Legal Officer Date: January 9, 2024

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View this 8-K/A filing on SEC EDGAR