Monitor HASI's leverage ratios and deployment of proceeds into green projects; the registration rights agreement may lead to future liquidity for noteholders. The 5.950% coupon is a fixed cost that will increase interest expense.
Price Chart
Executive Summary
HASI issued $1,000,000,000 of 5.950% Green Senior Unsecured Notes due 2033, with proceeds used to repay existing credit facility and commercial paper borrowings and to fund eligible green projects. The notes are guaranteed by six subsidiaries and include registration rights for exchange into registered notes.
Key Facts
- Issued $1,000,000,000 aggregate principal amount of 5.950% Green Senior Unsecured Notes due 2033
- Notes mature July 15, 2033, interest payable semi-annually starting January 15, 2027
- Net proceeds to temporarily repay borrowings under unsecured credit facility or commercial paper programs, then invest in eligible green projects
- Notes are senior unsecured obligations, guaranteed by six subsidiaries
- Company entered into Registration Rights Agreement to exchange notes for registered notes or file shelf registration statement
Financial Impact
$1,000,000,000 debt issuance at 5.950% coupon, proceeds used for refinancing and green investments
Risk Factors
- Increased leverage from $1B additional debt
- Interest rate risk if floating-rate debt is replaced with fixed-rate notes
- Execution risk on green project investments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-078275 |
| Document: tm2616629d10_ex4-2.htm | 0001104659-26-078275 |
| Document: tm2616629d10_8k.htm | 0001104659-26-078275 |
| Document: 0001104659-26-078275-index-headers.html | 0001104659-26-078275 |
| Document: 0001104659-26-078275-index.html | 0001104659-26-078275 |
| Document: 0001104659-26-078275.txt | 0001104659-26-078275 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 20, 2026 14w ago | 8-K | $37.82 $36.92 | ▼ −2.38% | ▼ −7.22% | $37.17 (−1.72%) |
Jun 26, 2026 17w ago | 8-K | $38.95 $37.21 | ▼ −4.47% | ▼ −8.85% | $37.17 (−4.57%) |
Jun 15, 2026 19w ago | 8-K | $38.23 $38.40 | ▲ +0.44% | ▼ −0.56% | $37.17 (−2.77%) |
Apr 13, 2026 28w ago | DEFA14A | $39.65 $37.32 | ▼ −5.88% | ▼ −14.40% | $37.17 (−6.25%) |
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