2014

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 dg.prospectus_requests@baml.com; 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 cmclientsupport@wellsfargo.com.

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.

About Hannon Armstrong Sustainable Infrastructure Capital, Inc.:

Hannon Armstrong 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. The Company began its business more than 30 years ago, and since 2000, using its direct origination platform, it has provided or arranged over $4.5 billion of financing in more than 475 sustainable infrastructure transactions.  Hannon Armstrong targets projects that have high credit quality obligors, fully contracted revenue streams and inherent economic value.

The Company, based in Annapolis, MD, intends to elect to be taxed as a real estate investment trust, or REIT, for federal income tax purposes beginning with its taxable year ended December 31, 2013.

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.

Contact: Investor/Media Relations
Phone: 410-571-6189
Email: investors@hannonarmstrong.com

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SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.



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