Hannon Armstrong announces $500 million green junior subordinated debt offering
HASI•Hannon Armstrong agreed to issue $500 million of Green Junior Subordinated Notes with a 7.85% coupon, due in 2057 and offered at 100% of principal. Closing is expected November 24, 2026, subject to customary conditions.
1. Offering details
Hannon Armstrong agreed on November 9, 2026, to issue $500 million of Green Junior Subordinated Notes. The notes carry a 7.85% coupon, mature in 2057 and will be offered at 100% of principal; closing is expected November 24, 2026, subject to customary conditions.
2. Use of proceeds
Net proceeds will temporarily repay standalone commercial paper borrowings and may also reduce unsecured credit facility or credit-enhanced commercial paper borrowings. Cash equal to the net proceeds will finance or refinance eligible green projects.
