HASI Files Routine 8-K for 'Other Events' on Jan 9, 2024

TL;DR

**HASI filed a routine 8-K, nothing major to see here.**

AI Summary

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) filed an 8-K on January 9, 2024, to report an "Other Event." This filing is a routine administrative update, indicating no significant financial or operational changes. For investors, this means there's no new material information that would immediately impact the stock price or investment thesis, suggesting business as usual for the company.

Why It Matters

This filing is a standard administrative update, indicating no new material financial or operational developments for Hannon Armstrong Sustainable Infrastructure Capital, Inc. Investors should view this as a non-event.

Risk Assessment

Risk Level: low — The filing is administrative and does not disclose any new risks or material changes to the company's operations or financial health.

Analyst Insight

A smart investor would recognize this as a non-material administrative filing and would not take any immediate action based solely on this 8-K. It's a signal that no significant news, positive or negative, was released on January 9, 2024.

Key Players & Entities

• Hannon Armstrong Sustainable Infrastructure Capital, Inc. (company) — the registrant filing the 8-K
• Maryland (company) — state of incorporation for Hannon Armstrong
• New York Stock Exchange (company) — exchange where HASI Common Stock is registered
• January 9, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share HASI New York S
• $100 million — on with the Issuers' add-on offering of $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 Total liabilities as of September 30
• $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

Filing Documents

• d710217d8k.htm (8-K) — 24KB
• 0001193125-24-004874.txt ( ) — 144KB
• hasi-20240109.xsd (EX-101.SCH) — 3KB
• hasi-20240109_lab.xml (EX-101.LAB) — 18KB
• hasi-20240109_pre.xml (EX-101.PRE) — 11KB
• d710217d8k_htm.xml (XML) — 3KB

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 $100 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%. As of September 30, 2023, on an "as adjusted" basis as described in the following sentence, our debt-to-equity ratio on an as adjusted basis is 2.0x. We calculate this amount as the sum of $4.5 billion of Total liabilities as of September 30, 2023, less $150.6 million of Other liabilities as of September 30, 2023, less a net $85.9 million reduction in balance under our unsecured revolving credit facility made between October 1, 2023 and December 31, 2023 and less a net $19.8 million reducti

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

View Full Filing

View this 8-K filing on SEC EDGAR