ANNAPOLIS, Md., Aug. 4, 2015 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the "Company;") (NYSE: HASI), a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that Kroll Bond Rating Agency released an ABS Pre-sale Report related to an intended offering, subject to market and other conditions, by its indirect subsidiary, HASI SYB Trust 2015-1, of a private placement of a securitization transaction consisting of approximately $125 million in aggregate principal amount of Sustainable Yield(SM) Bonds, Series 2015-1 (the "Bonds"), with an anticipated repayment date of July 20, 2040. The Bonds will be payable from, and secured by, certain assets on the Company's balance sheet and will not be insured or guaranteed by the Company or any other affiliate thereof, or by any other person or entity. Hannon Armstrong Capital, LLC, the operating subsidiary of the Company, will act as servicer for the securitization.
The Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Sales of Bonds to Institutional Accredited Investors who are also Qualified Purchasers will be made directly by the Issuer under Rule 506(c) of Regulation D promulgated under Section 4(a)(2) of the Securities Act, or under Regulation S promulgated under the Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale would be unlawful.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) provides debt and equity financing to the energy efficiency and renewable energy markets. We focus on providing preferred or senior level capital to established sponsors and high credit quality obligors for assets that generate long-term, recurring and predictable cash flows. We are based in Annapolis, Maryland, and we elected and qualified to be taxed as a real estate investment trust ("REIT") for federal income-tax purposes, beginning with our taxable year ended December 31, 2013.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Investor Relations Inquiries: Investors@hannonarmstrong.com 410-571-6189
SOURCE Hannon Armstrong Sustainable Infrastructure Capital, Inc.