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Hannon Armstrong Sustainable Infrastructure Capital, Inc. Armstrong Sustainable Infrastructure Capital, Inc. Announces Q2 2014 Core Earnings of $0.22 per Share

Annapolis, MD., August 11, 2014 — Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading sustainable infrastructure investor, today reported Core Earnings for the quarter ended June 30, 2014, of $4.7 million or $0.22 per share. On a GAAP basis, the Company recorded net income of $2.9 million, or $0.13 per share, in the quarter. Core Earnings for the six months ended June 30, 2014, were $8.0 million, or $0.43 per share.

"April 23, 2014, marked the first anniversary of HASI's initial public offering (IPO) and we are pleased to continue our success with the accomplishments of the second quarter of 2014. Since the IPO, we have completed nearly $1 billion of transactions. For the quarter, we generated and paid a $0.22 dividend, completed a follow-on equity raise and closed more than $200 million in transactions. This includes acquiring a portfolio of long-duration lease streams for solar and wind projects as well as the rights to finance additional transactions from this new platform client," said Chief Executive Officer Jeffrey Eckel. "As we have demonstrated over the past few quarters, we continue to execute on high credit quality transactions that should translate well into dividend growth for our shareholders."

Highlights

· Raised approximately $70 million in April 2014 in a follow-on offering.

· Increased the flexibility, and expanded the capacity by $200 million, of the existing credit facility.

· Completed more than $200 million of transactions in the second quarter, including the acquisition of a $107 million portfolio of land and land leases for solar and wind projects.

· Diversified pipeline of investment opportunities remains in excess of $2.0 billion.

"Opportunities for HASI continue to be robust," said Eckel. "The recently announced Presidential initiative calling for an additional $2.0 billion of federal energy efficiency projects and the EPA proposed regulations to cut carbon emissions from existing power plants will encourage more investments in energy efficiency and clean energy throughout the country. HASI is well positioned to capitalize on these opportunities and will continue to seek projects generating attractive risk-adjusted yields."

Portfolio

Our Portfolio of financing receivables, investments and real estate held on our balance sheet rose to $591 million, compared with $487 million in the prior quarter. The Portfolio consists of $169 million of energy efficiency investments, $343 million of clean energy (wind and solar) investments and $79 million of other sustainable infrastructure investments, with 97% of the Portfolio rated investment grade. The following is an analysis of the credit quality of the portfolio:

Investment Grade

Federal(1)

State, Local, Institutions(2)

Commercial Externally Rated(3)

Commercial Rated Internally(4)

Commercial Other(5)

Total

($ in millions)

Financing receivables

$ 195.9

$ 73.8

$ 22.0

$ 163.5

$ 0.8

$ 456.0

Investments available-for-sale

-

-

43.3

7.8

16.6

67.7

Real estate(6)

-

-

-

67.2

-

67.2

Total

$ 195.9

$ 73.8

$ 65.3

$ 238.5

$ 17.4

$ 590.9

% of Total Portfolio

33.1%

12.5%

11.1%

40.4%

2.9%

100.0%

Average Balance(7)

$ 7.7

$ 24.6

$ 21.8

$ 13.3

$ 16.6

$ 11.7

‎(1)

‎Transactions where the ultimate obligor is the U.S. federal government. Transactions may have guaranties of ‎energy savings from third-party service providers, the majority of which are investment grade rated entities.‎

‎(2)

‎Transactions where the ultimate obligors are state or local governments or institutions such as hospitals or ‎universities where the obligors are rated investment grade (either by an independent rating agency or based upon ‎our credit analysis). Transactions may have guaranties of energy savings from third-party service providers, the ‎majority of which are investment grade rated entities.‎

‎(3)‎

Transactions where the projects or the ultimate obligors are commercial entities that have been rated ‎investment grade by one or more independent rating agencies. This includes an investment grade rated debt security ‎with a fair value of $38.2 million that matures in 2035 whose obligor is an entity whose ultimate parent is ‎Berkshire Hathaway Inc.

‎(4)‎

Transactions where the projects or the ultimate obligors are commercial entities that have been rated ‎investment grade using our internal credit analysis.‎

‎(5)‎

Transactions where the projects or the ultimate obligors are commercial entities that have ratings below ‎investment grade either by an independent rating agency or using our internal credit analysis. Financing receivables ‎are net of an allowance for credit losses of $11.0 million. Investments include a senior debt investment of $16.6 ‎million on a wind project that is owned by NRG Energy, Inc.‎

‎(6)‎

Includes the real estate and the related lease intangible assets.

‎(7)‎

Average remaining balance excludes 66 transactions, each with outstanding balances that are less than ‎‎$1.0 million and that in the aggregate total $16.5 million.‎


Second-Quarter 2014 Financial Results

Hannon Armstrong reported second-quarter Core Earnings of $4.7 million, or $0.22 per share, as compared with Core Earnings of $3.3 million, or $0.20 per share, in Q1 2014. The increase in Core Earnings is largely due to an increase in gains on the sale of investments and receivables and one month of the income from our new $107 million investment in wind and solar land and land leases. As set out in the reconciliation table below, Core Earnings represent earnings attributable to the shareholders, excluding earnings allocated to minority interest holders, non-cash equity-based compensation, amortization of intangible assets, provision for credit losses, business acquisition costs and non-cash income taxes. We recorded a GAAP profit attributable to controlling shareholders of $2.8 million, or $0.13 per share, for the quarter.

Total revenue net of investment interest expense increased to $7.6 million from $5.7 million in Q1 2014, as a result of a $1.2 million increase in other investment revenue due to a higher level of gains on sales of investments and receivables and a $0.7 million increase in net investment revenue largely due to new transactions originated in the second half of the quarter. For the quarter, core other expenses, net, were $2.9 million versus $2.3 million due to an increase in non-management compensation costs and higher professional fees.

As of June 30, 2014, we had 37% of our debt at fixed rates as shown in the chart below ($ in millions):

June 30, 2014

% of Total

($ in millions)

Floating-Rate Credit Facility

$     166.2

63.1%

Fixed-Rate HASI SYB

97.4

36.9%

Total Debt‑ June 30, 2014(1)

$     263.6

100.0%

(1)

Excludes match-funded other nonrecourse debt of $145.0 million where the debt is match-funded with corresponding assets and we have no interest rate risk.

As of June 30, 2014, leverage, as measured by debt-to-equity, was 1.2 to 1.   This calculation excludes the other nonrecourse match-funded debt where we do not have interest rate risk.

"We were able to invest the $70 million from the April 2014 equity raise, as well as an additional $49 million in credit facility borrowings, in new transactions in the quarter," said Chief Financial Officer Brendan Herron. "We continue to focus on originating high quality assets to grow the portfolio, while strategically increasing leverage through the use of our credit facility and the issuance of additional HASI SYB fixed-rate asset-backed securities."

An explanatory note providing additional details on Core Earnings and the Company's predecessor entity, including a reconciliation of our net income to Core Earnings, as well as our condensed consolidated statements of operations and balance sheets, is attached to this press release.

Conference Call and Webcast Information

Hannon Armstrong will host an investor conference call today at 5:00 pm ET. Interested parties are invited to listen to the conference call by dialing 1-877-407-0784, or for international callers, 1-201-689-8560, and provide the conference ID # 13586437 or ask for the Hannon Armstrong conference call.

Replays of the entire call will be available through August 18, 2014 at 1-877-870-5176, or, for international callers, at 1-858-384-5517, conference ID # 13586437. A webcast of the conference call will also be available through the Investor Relations section of the Company's website, at www.hannonarmstrong.com.

A copy of this press release is also available on the Company's website.

Forward-Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words such as "believe," "expect, "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Company's report on Form 10-K dated March 18, 2014 that was filed with the SEC under SEC Commission File Number 001-35877, as well as in other reports that the Company files with the SEC. The risks disclosed in such reports filed with the SEC are not exhaustive. Additional factors could adversely affect the Company's business and financial performance. Moreover, the Company operates in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

To view the full press release, please click here.

 


 

SunPower Closes Agreement for Up to $44.5 Million in Non-Recourse Debt to Finance Residential Solar Lease Program

Innovative Partnership with Hannon Armstrong

ANNAPOLIS, Md. and SAN JOSE, Calif., July 28, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) and SunPower Corp. (NASDAQ: SPWR) today announced an agreement under which HASI is expected to provide up to $44.5 million in non-recourse debt to help finance SunPower's residential solar lease program. The transaction allows SunPower to leverage existing lease assets and expand its program while increasing its cash position and strengthening its balance sheet.  More than 20,000 Americans are enrolled in the company's lease program.

This is the second transaction announced by the two companies this year. In early April, Hannon Armstrong and SunPower announced a $42 million non-recourse debt financing.

"We are pleased to extend our partnership with Hannon Armstrong to further fund the demand for SunPower's residential lease program, which is one finance option we offer homeowners," said SunPower CFO Chuck Boynton. "The SunPower Lease program offers our customers financing under highly competitive terms for their SunPower solar panels, the most efficient on the market today. When coupled with our unprecedented level of energy assurance, the SunPower Lease program delivers more value to the homeowner."

"We continue to be impressed with the quality of SunPower's technology and we are pleased to be able to participate in supporting the expansion of its residential service offerings," said Jeffrey Eckel, president and CEO of HASI. "The expanded partnership with SunPower is consistent with our strategic growth initiatives, as we continue to target economic, reliable and sustainable distributed energy assets that generate a sustainable yield."

In addition to attractive terms and low monthly payments, the SunPower lease includes one of the solar industry's only direct-from-manufacturer performance guarantees.

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) makes debt and equity investments in sustainable infrastructure projects. The company focuses on profitable projects that increase energy efficiency, provide cleaner energy, positively impact the environment or make more efficient use of natural resources. Hannon Armstrong targets projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value.

The company, based in Annapolis, Maryland, intends to elect and qualify to be taxed as a real estate investment trust (REIT) for federal income-tax purposes, commencing with its taxable year ended Dec. 31, 2013.  For more information, visit www.hannonarmstrong.com.

About SunPower

SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpower.com.

SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.



Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces $0.22 per Share Quarterly Dividend for an Annualized 6% Dividend Yield

Annapolis, MD – June 17, 2014 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading sustainable infrastructure investor, today announced that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on July 10, 2014, to stockholders of record on June 27, 2014.

Based upon the Company’s common stock closing price of $14.58 per share on June 16, 2014, the dividend represents an annualized yield of 6.0%.

Forward Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in our Annual Report on Form 10-K for our fiscal year ended December 31, 2013, which was filed with the U.S. Securities and Exchange Commission (SEC), as well as in other reports that we file with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Acquires $107 Million Portfolio of Land and Leases for Solar and Wind Projects -- Also Adds Additional $200 Million of Capacity to Credit Facility

ANNAPOLIS, MD, May 28, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "company;" NYSE: HASI), a leading sustainable infrastructure investor, today announced the acquisition of a $107 million portfolio of land and payments from land leases underlying wind and solar projects. HASI also entered into an expansion of its existing credit facility, which provides for an additional $200 million of capacity and increased flexibility in terms.

"We have acquired high credit quality, long duration lease streams that are senior to the project debt in some of the largest solar and wind projects in the country," said Chief Executive Officer Jeffrey Eckel.  "This portfolio diversifies our asset mix while moving us toward our 2014 financial targets and adds another platform for originating new assets that fit well with our REIT structure."

Highlights

Acquired more than 7,500 acres of land leased to three solar projects with a value of approximately $60 million and the payments from 11 additional land leases for a diversified portfolio of wind projects with a value of approximately $27 million. In addition, another portfolio of 46 smaller streams of payments from land leases on wind projects was also purchased.

The land and leases purchased support wind and solar projects developed or owned by high credit quality entities, including Southern Company, NRG Yield, First Solar and NextEra, with long term investment grade power purchase agreements from utilities such as SDG&E, PG&E, LADWP and SCE.

"Strategically, this transaction is a terrific fit: It adds high credit quality assets at attractive risk-adjusted yields, grows our near term pipeline and increases our capacity to add distributed energy assets by expanding our REIT asset base," said Eckel. "In addition to the long duration assets, we now will enjoy equity upsides from long-term land ownership, all the while taking the least risk in the project capital stack,” added Eckel.

The Transaction

The transaction is structured as a purchase of American Wind Capital Company, LLC with no debt, liabilities or employees. Existing employees and management will form a new company named AWCC Capital, LLC to originate additional transactions in which HASI has a right of first refusal to purchase additional transactions.

Expansion of Credit Facility

HASI has also expanded its existing credit facility by increasing its overall capacity by $200 million. The new terms provide an increase in the maximum borrowings allowed at any point in time in the project finance facility from $150 million to $250 million, and an increase in the total maximum advances allowed under the facility from $700 million to $900 million. The amendment also expanded the eligibility criteria to reflect current market opportunities in distributed energy assets.

“The expansion of our credit facility, combined with our recent equity offering, provides us with additional financial resources to continue to grow our business,” said Chief Financial Officer Brendan Herron. “Aligning our credit facility with the market opportunities is key to ensuring optimal leverage in our capital structure.”

Forward Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in our Annual Report on Form 10-K for our fiscal year ended December 31, 2013, which was filed with the U.S. Securities and Exchange Commission (SEC), as well as in other reports that we file with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Q1 2014 Core Earnings of $0.20 per share

ANNAPOLIS, Md., May 12, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the "Company;" NYSE: HASI), a leading sustainable infrastructure investor, today reported Core Earnings for the quarter ended March 31, 2014, of $0.20 per share. On a GAAP basis, the Company recorded net income of $2.8 million or $0.17 per share in the quarter.

"Our first quarter in 2014 continues to build momentum from our 2013 successes as we paid a $0.22 dividend on Core Earnings of $0.20, closed another $125 million in transactions and successfully expanded our origination platform’s breadth and depth in high growth markets," said Chief Executive Officer Jeffrey Eckel.  "The HASI team continues to execute on originations, capital raising, leverage and our interest rate management strategy, setting HASI on a solid footing to profitably grow our dividend from investments in the expanding distributed energy asset markets."

Highlights

Expanded our origination platform by adding SunPower and Soltage as clients in the growing distributed energy asset class

Completed over $125 million of transactions in the first quarter, totaling approximately $760 million of transactions in the four quarters since the IPO

Raised approximately $70 million in April 2014 in a follow on offering

Diversified pipeline of investment opportunities remains in excess of $2.0 billion

Newly announced presidential initiative for additional $2.0 billion of federal energy efficiency projects through 2016

"Every quarter since the IPO, we have been impressed with the funding opportunities that are continuing to develop for HASI," said Mr. Eckel. "The accelerating trend in electric utility markets towards smaller scale distributed energy assets, such as energy efficiency, distributed solar and co-generation, plays to HASI's historic strengths and is producing high growth investment opportunities with both existing and new origination sources."

Portfolio

Our portfolio of financing receivables and investments rose to $486.8 million, compared to $467.8 million in the prior quarter.  The following is an analysis of the credit quality of the portfolio:

Investment Grade

Federal(1)

State, Local, Institutions (2)

Commercial Externally Rated (3)

Commercial Rated Internally(4)

Commercial Other(5)

Total

(amounts in millions, except for percentages)

Financing receivables

$228.5

$73.5

$—

$92.7

$0.8

$395.5

Investments

76.2

15.1

91.3

Total

$228.5

$73.5

$76.2

$92.7

$15.9

$486.8

% of Total Portfolio

46.9%

15.1%

15.7%

19.0%

3.3%

100%

Average Remaining Balance (6)

$9.8

$24.5

$25.4

$18.5

$15.1

$13.8

(1) Transactions where the ultimate obligor is the Federal Government.  Transactions may have guaranties of energy savings from third party service providers, the majority of which are investment grade rated entities.

(2) Transactions where the ultimate obligors are state or local governments or institutions such as hospitals or universities where the obligors are rated investment grade (either by an independent rating agency or based upon our credit analysis).  Transactions may have guaranties of energy savings from third party service providers, the majority of which are investment grade rated entities.

(3) Transactions where the projects or the ultimate obligors are commercial entities that have been rated investment grade by one or more independent rating agencies.  This includes an investment grade rated debt security with a carrying value of $37.0 million that matures in 2035 whose obligor is an entity whose ultimate parent is Berkshire Hathaway Inc. and an investment grade rated debt security with a carrying value of $34.4 million that matures in 2033 whose obligor is an entity whose ultimate parent is Exelon Corporation. In each case, the carrying value approximates the estimated fair value.

(4) Transactions where the projects or the ultimate obligors are commercial entities that have been rated investment grade using our internal credit analysis.

(5) Transactions where the projects or the ultimate obligors are commercial entities that have ratings below investment grade either by an independent rating agency or using our internal credit analysis.  Financing receivables are net of an allowance for credit losses of $11.0 million.  Investments include a senior debt investment of $15.1 million on a wind project that is owned by NRG Energy, Inc.

(6) Average Remaining Balance excludes 13 transactions each with outstanding balances that are less than $1.0 million and that in the aggregate total $4.6 million.


First Quarter 2014 Financial Results

Hannon Armstrong reported first quarter Core Earnings of $3.3 million, or $0.20 per share, as compared to Core Earnings of $3.6 million, or $0.22 per share, in Q4 2013.  The decrease in core earnings is largely attributable to approximately $0.3 million, or $0.02 per share, of higher interest expense resulting from the $100 million 6 year asset-backed debt security issued at the end of December.    As set out in the reconciliation table below, Core Earnings represent earnings attributable to the shareholders excluding earnings allocated to minority interest holders, non-cash equity-based compensation, amortization of intangible assets, provision for credit losses and non-cash income taxes.  We recorded a GAAP profit attributable to controlling shareholders of $2.8 million or $0.17 per share for the quarter.

Total revenue net of investment interest expense decreased to $5.7 million from $6.2 million in Q4 2013, in large part due to the higher interest expense.  For the quarter, GAAP other expenses, net were $2.8 million versus $3.0 million in Q4 2013 with $0.5 million for equity-based compensation and intangible amortization charges added back in both quarters for Core Earnings.

As of March 31, 2014, we had 46% of our debt at fixed rates as shown in the chart below: (amounts in millions):


March 31, 2014

% of Total

(amounts in millions)

Floating Rate Credit Facility

$     117.1

54.3%

Fixed Rate HASI SYB

98.7

45.7%

Total Debt‑ March 31, 2014(1)

$     215.8

100.0%

 

(1) Excludes match-funded non-recourse debt of $150.7 million where the debt is match-funded with corresponding assets and we have no interest rate risk.

The debt to equity leverage at year-end was 1.5 to 1, which we measure using our non-matched funded debt.

"The equity raise combined with our existing credit facilities provide us with several quarters of capital at our planned investment pace," said Chief Financial Officer Brendan Herron. "We continue to focus on originating high quality assets to grow the portfolio while looking to manage interest rate risk through the use of fixed rate asset-backed securities."

An explanatory note providing additional details on Core Earnings and the Company's predecessor entity, including a reconciliation of our net income to Core Earnings, as well as our condensed consolidated statement of operations and balance sheet is attached to this press release.

Conference Call and Webcast Information

Hannon Armstrong will host an investor conference call today at 5:00 pm ET.  Interested parties are invited to listen to the conference call by dialing 1-877-407-0784, or for international callers, 1-201-689- 8560, and provide the conference ID # 13579989 or ask for the Hannon Armstrong conference call.

Replays of the entire call will be available through May 19, 2014 at 1-877-870-5176, or, for international callers, at 1-858-384-5517, conference ID # 13579989. A webcast of the conference call will also be available through the Investor Relations section of the Company's website, www.hannonarmstrong.com.

To view the full press release, please click here.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Closing of its Public Offering of Common Stock

ANNAPOLIS, Md., April 29, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Company") (NYSE: HASI) announced today the closing of its underwritten public offering of 5,750,000 shares of common stock at a price of $13.00 per share.  This amount includes the exercise in full by the underwriters of their option to purchase up to an additional 750,000 shares of common stock.

BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are acted as joint book-running managers for the offering. Baird, RBC Capital Markets and FBR acted as co-managers.

The offering of shares was made under the Company’s registration statement, which was declared effective by the Securities and Exchange Commission (the "SEC") on April 23, 2014.  The offering was made only by means of a prospectus, copies of which may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from UBS Securities, LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, or by telephone at 888-827-7275; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words such as "believe," "expect, "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Company's report on Form 10-K dated March 18, 2014 that was filed with the SEC under SEC Commission File Number 001-35877, as well as in other reports that the Company files with the SEC. The risks disclosed in such reports filed with the SEC are not exhaustive. Additional factors could adversely affect the Company's business and financial performance. Moreover, the Company operates in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

To view the full press release, please click here.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces the Pricing of its Public Offering of Common Stock

ANNAPOLIS, Md., April 23, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Company") (NYSE: HASI) announced today the pricing of its underwritten public offering of 5,000,000 shares of common stock at a price of $13.00 per share.

The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the public offering price, less the underwriting discount.

BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the offering. Baird, RBC Capital Markets and FBR are acting as co-managers.

The offering of shares will be made under the Company’s registration statement, which was declared effective by the Securities and Exchange Commission (the "SEC") on April 23, 2014.  The offering will be made only by means of a prospectus, copies of which may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from UBS Securities, LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, or by telephone at 888-827-7275; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words such as "believe," "expect, "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Company's report on Form 10-K dated March 18, 2014 that was filed with the SEC under SEC Commission File Number 001-35877, as well as in other reports that the Company files with the SEC. The risks disclosed in such reports filed with the SEC are not exhaustive. Additional factors could adversely affect the Company's business and financial performance. Moreover, the Company operates in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can the Company assess the impact of all such risk factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Public Offering of Common Stock

ANNAPOLIS, Md., April 22, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Company") (NYSE: HASI) announced today that it is commencing an underwritten public offering of  5,000,000 shares of common stock.

The Company expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.

BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the offering. Baird, RBC Capital Markets and FBR are acting as co-managers.

The offering will be made only by means of a prospectus, copies of which may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038 Attention: Prospectus Department, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; from UBS Securities, LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, or by telephone at 888-827-7275; or from Wells Fargo Securities, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by telephone at 800-326-5897, or by e-mailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

A registration statement on Form S-11 relating to these shares has been filed with the Securities and Exchange Commission but has not yet become effective. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


Forward-Looking Statements

Some of the information contained in this press release are forward-looking statements and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  When used in this press release, the words such as “believe,” “expect, “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” or similar expressions, are intended to identify such forward-looking statements.  Forward-looking statements are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements.  Actual results may differ materially from those set forth in the forward-looking statements.  Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company's report on Form 10-K dated March 18, 2014 that was filed with the U.S. Securities and Exchange Commission (the "SEC") under SEC Commission File Number 001-35877, as well as in other reports that we file with the SEC.   The risks disclosed in such reports filed with the SEC are not exhaustive.  Additional factors could adversely affect the Company's business and financial performance.  Moreover, we operate in a very competitive and rapidly changing environment.  New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can we assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.


Hannon Armstrong (“HASI”) and Sol Systems Collaborate to Deploy Up to $100 Million of Debt Financing for Distributed Solar Project Developers in 2014

ANNAPOLIS, Md., April 16, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc.,  (“Hannon Armstrong;” NYSE: HASI), a capital provider for  sustainable infrastructure assets, along with  Sol Systems LLC, a renewable energy investment firm (“Sol Systems”), today announced plans to jointly  originate, structure and fund up to $100 million of construction and term debt financing for developers and owners of distributed solar projects benefitting commercial, industrial, municipal and utility customers throughout the United States and its territories.  With HASI’s capital resources and Sol Systems’ transactional expertise in distributed solar, the parties believe they are well-positioned to originate and fund loans for projects and portfolios in these sectors.

This new initiative will utilize HASI’s proven ability to fund multiple transactions on a programmatic basis.  Since 2000, HASI has financed over $4.5 billion of energy efficiency, clean energy and other sustainable infrastructure projects.   By coupling HASI’s resources with Sol Systems’ network and capabilities in project sourcing, due diligence, and structuring, solar developers and owners will benefit from streamlined, standardized documentation, predictability in execution, smaller loan size requirements, lower transaction costs, as well as flexible terms and tenors.

“With this programmatic finance solution for solar developers, we are looking to take the economic and documentation uncertainties out of the finance process and accelerate a developer’s ability to close on a project. Expanding our relationship with Sol Systems to include the origination and structuring of new debt financing opportunities for distributed solar developers is another step towards building a broad market position,” said Jeffrey Eckel, HASI’s President & CEO.  “We believe this new offering will provide the distributed solar industry with a flexible source of capital for portfolios of smaller projects, along with the skilled staff needed to transact at scale, with speed.”

“The lack of financing for mid-sized distributed generation has been a critical barrier to the solar industry’s continued growth,” said Yuri Horwitz, CEO of Sol Systems. “There are few meaningful debt providers or products available, especially for commercial and industrial solar projects, and we are proud to work with such an accomplished partner to facilitate the deployment of capital in this underserved sector of the solar market.”

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) makes debt and equity investments in sustainable infrastructure projects. The company focuses on profitable projects that increase energy efficiency, provide cleaner energy, positively impact the environment or make more efficient use of natural resources. HASI targets projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value.

The company, based in Annapolis, MD, has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes beginning with the year ending December 31, 2013.  For more information, visit www.hannonarmstrong.com.

About Sol Systems

Sol Systems is a renewable energy finance firm that provides secure, sustainable investment opportunities to investor clients, and sophisticated project financing solutions to developers. Founded in 2008, Sol Systems focuses on meeting the industry's most critical solar financing needs, including tax structured investments, capital placement, debt financing, and SREC portfolio management. To date, the company has facilitated financing for thousands of distributed generation solar projects and hundreds of millions in investment on behalf of Fortune 100 corporations, utilities, banks, family offices, and individuals. For more information, please visit www.solsystemscompany.com.



SunPower Closes $42 Million in Non-Recourse Debt to Finance Residential Solar Lease Program

Innovative Partnership with Hannon Armstrong

ANNAPOLIS, Md. and SAN JOSE, Calif., April 3, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) and SunPower Corp. (NASDAQ: SPWR) today announced an agreement under which HASI will provide $42 million in non-recourse debt to help finance SunPower's residential solar lease program. The transaction allows SunPower to leverage its existing lease assets and expand its program while increasing its cash position and strengthening its balance sheet.  More than 20,000 Americans are enrolled in the company's lease program.

"The SunPower Lease program offers our customers financing under highly competitive terms for their SunPower solar panels, the most efficient on the market today. When coupled with our unprecedented level of energy assurance, the SunPower Lease program delivers more value to the homeowner," said SunPower CFO Chuck Boynton. "Among our portfolio of financing options, solar lease remains one of the more popular choices by consumers and our innovative partnership with Hannon Armstrong will allow us to further fund the program's growth this year."

"We are pleased to announce our new relationship with SunPower, facilitating their ability to make rooftop solar power systems accessible to more American homeowners," said Jeffrey Eckel, president and CEO of HASI. "With this investment, we are further diversifying our portfolio of economic, reliable and sustainable distributed energy assets, targeting assets that can produce sustainable yield."

In addition to attractive terms and low monthly payments, the SunPower lease includes one of the solar industry's only direct-from-manufacturer performance guarantees.

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) makes debt and equity investments in sustainable infrastructure projects. The company focuses on profitable projects that increase energy efficiency, provide cleaner energy, positively impact the environment or make more efficient use of natural resources. HASI targets projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value.

The company, based in Annapolis, MD, has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes beginning with the year ending December 31, 2013.  For more information, visit www.hannonarmstrong.com.

About SunPower

SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpower.com.

SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Annualized 6.1% Dividend or $0.22 per Share Quarterly Dividend --

Annapolis, MD – March 13, 2013 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company;” NYSE: HASI), a leading provider of debt and equity for sustainable infrastructure projects, today announced that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on April 9, 2014, to stockholders of record on March 27, 2014.

Based upon the Company's common stock closing price of $14.38 per share on March 13, 2014, the dividend represents an annualized yield of 6.1%.

Click here to download the full press release


Hannon Armstrong Sustainable Infrastructure Capital, IncHannon Armstrong Sustainable Infrastructure Capital, Inc. to Present at NYU Utility Industry of the Future Symposium, UBS Utilities and Natural Gas Conference and the 26th Annual Roth Conference

Annapolis, MD, March 3, 2014 — Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong,” “we,” “our,” or the “Company;” NYSE: HASI), a leading sustainable infrastructure investor, today announced that Jeff Eckel, President & CEO, will speak at New York University’s Symposium on the Utility Industry of the Future on Monday, March 3, 2014 at 1:30pm ET.  Mr. Eckel, along with Hannon Armstrong’s Executive Vice President & CFO, Brendan Herron, will also attend the UBS Utilities and Natural Gas Conference to be held in Boston, MA at the Intercontinental Boston on Tuesday, March 4, 2014 and the 26th Annual Roth Capital Conference to be held in Dana Point, CA at The Ritz-Carlton on Tuesday, March 11, 2014 at 11:00am PT.  Management will also hold one-on-one and small group meetings with institutional investors.   Hannon Armstrong’s presentation at the 26th Annual Roth Meeting will be broadcast live over the internet and can be accessed through the Company’s website, www.hannonarmstrong.com.

To listen to the presentation, please go to the “Investors” tab of the Hannon Armstrong website at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software.  For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the Hannon Armstrong website, and will be accessible for 90 days.

A copy of the presentation that the Company will use for upcoming investor meetings has been posted to its website under, “HASI Investor Relations Presentation.”


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 58% Increase in Core Earnings to $0.22 per share

ANNAPOLIS, MD, Feb. 27, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the "Company;" NYSE: HASI), a leading sustainable infrastructure investor, today reported Core Earnings for the quarter ended December 31, 2013, of $0.22 per share and $0.43 per share for the year ended December 31, 2013. On a GAAP basis, the Company recorded a loss of $7.3 million or $(0.48) per share in the quarter after recording a provision for estimated credit losses on a mezzanine debt investment in a geothermal project. The provision totaling $11.0 million, or $0.69 per share, is excluded from Core Earnings and represents 1.7% of our 2013 originations.

"We accomplished a tremendous amount in 2013, including hitting our target yield of 7% on our IPO price, originating over $600 million of transactions, 96% of which are investment grade, and increasing our fixed rate debt to 56% of our total debt," said Chief Executive Officer Jeffrey Eckel. "While we are disappointed with the impairment charge, our portfolio remains very strong, our dividend strategy is intact, and we continue to expect to deliver 13-15% Core EPS and dividend growth from Q4 2013 to Q4 2014."

Q4 Highlights

  • Completed over $200 million of transactions in the fourth quarter
  • Continued to add new clients that expand our origination platform in the distributed energy asset class
  • Completed $100 million private placement of HASI Sustainable Yield BondTM ("HASI SYBs") with a 2.79% fixed rate and 6 year term, fixing the interest rate on 56% of our debt
  • Diversified pipeline of investment opportunities remains in excess of $2.0 billion
  • For the quarter, total revenue net of investment interest expense increased by 29% over Q3 2013

"Every quarter since the IPO, we have been impressed with the funding opportunities that are continuing to develop for HASI," said Mr. Eckel. "The accelerating trend in electric utility markets towards smaller scale distributed energy assets, such as energy efficiency, distributed solar and co-generation, plays to HASI's historic strengths and is producing high growth investment opportunities with both existing and new origination sources."

Click here to download the full press release


Hannon Armstrong Infrastructure Capital, Inc. Announces Fourth Quarter and Full Year 2013 Earnings Release Date and Conference Call

ANNAPOLIS, MD, February 21, 2014 -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong”) (NYSE:  HASI), a leading provider of debt and equity for sustainable infrastructure projects, today announced that the Company will release its fourth quarter and full year 2013 results after the market close on Thursday, February 27, 2014, to be followed by a conference call at 5:00 p.m. (Eastern Time).

The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13575937. The replay will be available until March 6, 2014.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company's website at www.hannonarmstrong.com. The on-line replay will be available for a limited time beginning immediately following the call.

To learn more about Hannon Armstrong, please visit the company's Web site at www.hannonarmstrong.com.  In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its Web site as a channel of distribution of material company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the company's Web site and is readily accessible.


Hannon Armstrong Sustainable Infrastructure Capital Welcomes Sustainable Energy in America Factbook 2014

Natural Gas, Energy Efficiency and Renewable Energy Are Leading America's Energy Transformation

February 5, 2014 -- The 2014 installment of the Sustainable Energy in America Factbook, produced for The Business Council for Sustainable Energy by Bloomberg New Energy Finance, has found that renewable energy, natural gas and energy efficiency advancements are leading a transformation of America's energy.

Despite ever-shifting political winds, the inherent business case for efficient and sustainable energy sources has become even stronger over the past year. The 2014 Factbook documents the upward trajectory of energy efficiency, natural gas and renewable energy, using the latest data from 2013, and the edition adds yet another year of data to document the long-term transition to cleaner, lower-carbon sources of energy production.

Hannon Armstrong Sustainable Infrastructure is a proud sponsor of the 2014 Sustainable Energy in America Factbook.

Click here to get the facts.


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 2013 Dividend Income Tax Treatment

ANNAPOLIS, Md., Jan 17, 2014 /PRNewswire/ Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong", “HASI” or the "Company;" NYSE: HASI), a leading provider of debt and equity for sustainable infrastructure projects, today announced the estimated Federal income tax treatment of the Company's 2013 distributions on its common stock (CUSIP # 41068X 100).

The Federal income tax classification of the aggregate $0.42 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2013 is:

As the Company’s aggregate distributions exceeded its taxable earnings and profits, the January 2014 distribution declared in the fourth quarter of 2013 and payable to shareholders of record as of December 30, 2013 will be treated as a 2014 distribution for Federal income tax purposes and is not included on the 2013 Form 1099. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

Click here to download the full press release


Hannon Armstrong Welcomes Release of Green Bond Principles

ANNAPOLIS, MD., Jan 13, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong", “HASI” or the "Company;" NYSE: HASI), a leading provider of debt and equity for sustainable infrastructure projects, announced today that it will utilize the newly announced Green Bond Principles (“GBP”) for its HASI Sustainable Yield BondsTM. “The guidance these principles provide to issuers and investors alike will be of great value,” said Hannon Armstrong’s President & CEO, Jeffrey Eckel. “We have followed the four main principles of the GBP in our recent $100 million asset-backed Sustainable Yield BondTM (“HASI SYB), putting special emphasis on the 4th principle by a first-of-its-kind reporting on greenhouse gas (“GHG”) reductions per bond. Investors are increasingly interested in the environmental impact of their investments and we believe the GBP, combined with GHG metrics, represents a concrete step in that direction,” said Eckel.

The GBP were announced with the support of Bank of America Corporation, Citigroup Inc., Crédit Agricole CIB, JPMorgan Chase, BNP Paribas, Daiwa, Deutsche Bank, Goldman Sachs, HSBC, Mizuho, Morgan Stanley, Rabobank and SEB. In December 2013, Hannon Armstrong announced the placement of its HASI SYB 2013-1, which securitized the cash flows generated by over 100 individual wind, solar and energy efficiency installations. In addition, investors in HASI SYBs benefit from a quantitative assessment of the GHG impact of their investment, with an estimated annual GHG reduction of 0.61 metric tons per $1,000 bond.

HASI has financed over $4 billion of sustainable infrastructure projects primarily in the asset classes identified in the GBP and presently manages approximately $1.9 billion of sustainable infrastructure investments. “The next step in the reporting and disclosure process for all new issuances should be to include a defined metric of environmental impact, similar to what is provided by HASI SYBs,” continued Eckel. “Increasing the level of transparency, disclosure and integrity of all bonds will give investors valuable information on GHG impact to ensure their investment goals are in line with their environmental goals.”

Click here to download the full press release


Hannon Armstrong (HASI) Completes $100,000,000 Asset-Backed Securitization of 2.79% Sustainable Yield BondsTM

ANNAPOLIS, MD. – December 23, 2013 /PRNewswire/ Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong", “HASI” or the "Company;" NYSE: HASI) today announced the sale of $100,000,000 of its first series of asset-backed Sustainable Yield BondsTM (HASI SYBs).

"HASI continues to find new ways to finance sustainable infrastructure and we are delighted to have closed this fixed-rate transaction as part of our strategy to manage our interest rate exposure," said President and CEO Jeffrey Eckel. The transaction securitizes the cash flows generated by over 100 individual wind, solar and energy efficiency installations, all with investment grade obligors.

"This issuance represents an innovation in sustainable finance, as investors in these and future HASI SYB bonds benefit from a quantitative assessment of the greenhouse gas impact of each Series of HASI SYBs, measured in metric tons per $1,000 of par value,” continued Eckel. “For example, the assets underlying Series 2013-1 are estimated to reduce annual greenhouse gas emissions by 0.61 metric tons per $1,000 bond.”

“While not all ‘green bonds’ have a direct GHG impact, this rigorous attempt to estimate the GHG impact per bond is a welcome financial tool in the critical task of reducing greenhouse gas emissions,” said Sean Kidney, CEO of Climate Bonds Initiative, a not-for-profit working to mobilize capital markets to finance climate change solutions.

HASI SYB 2013-1 Highlights

  • $100,000,000 private placement
  • 2.79% coupon
  • December 2019 maturity, secured by approximately $110 million of on-balance sheet assets
  • Over 100 individual infrastructure installations, in over 20 properties
  • Annual estimated reduction in greenhouse gas emissions of 61,036 metric tons or 0.61 metric tons per $1,000 of bond value
  • In total the equivalent of taking approximately 12,700 cars off the road

“We expedited this transaction due to strong investor demand and favorable market conditions. This is also an important step toward the advancement of our plan to eventually issue publicly rated and traded debt and thus facilitate additional investment opportunities to invest in multiple layers of the capital stack supporting sustainable infrastructure,” said Eckel.

Click here to download the full press release


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Annualized 7% Dividend or $0.22 per Share Quarterly Dividend --

Annapolis, MD – December 17, 2013 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company;” NYSE: HASI), a leading sustainable infrastructure investor, today announced that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock, payable on January 10, 2014, to stockholders of record on December 30, 2013.  This represents a 57% increase from the prior dividend of $0.14 which was announced in November, 2013.

Based upon the Company's common stock closing price of $12.50 per share on December 16, 2013, the dividend represents an annualized yield of 7%.

Click here to download the full press release

 


Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces 133% Increase in Dividend to $0.14 per share on Third Quarter Core earnings of $0.14 per share --

Annapolis, MD – November 7, 2013 – Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company;” NYSE: HASI), a leading sustainable infrastructure investor, today reported financial results for the quarter ended September 30, 2013 and announced it will increase its dividend from $0.06 per share to  $0.14 per share.

“We are pleased with our latest quarterly results as we continue to execute on our business model of financing sustainable infrastructure projects and delivering strong, risk adjusted returns to shareholders,” said Chief Executive Officer Jeffrey Eckel. “On an annualized basis, our new dividend represents approximately a 4.5% yield based on our current share price and we expect to achieve our targeted 7% yield by the end of the year.”

Click here to download the full press release