Hannon Armstrong unveils USD-300m stock sale

US climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI) is launching a public offering of USD 300 million (EUR 278m) worth of common stock, it announced on Wednesday.

HASI said in a statement that it expects to grant the underwriters a 30-day option to buy up to USD 45 million of additional shares of common stock. Its intention is to use the net proceeds of the offering for general corporate purposes.

JP Morgan, BofA Securities and Goldman Sachs & Co LLC serve as joint book-running managers.

HASI partners with clients to deploy real assets that facilitate the energy transition. At the start of the year, the company agreed to invest in a 1.3-GW renewable energy portfolio developed, owned and operated by US power company The AES Corporation.

(USD 1.0 = EUR 0.927)

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