HA Sustainable Infrastructure Capital exchange offer for $800M 5.950% senior notes due 2033

Filed August 19, 2026 · ~2 min read

Key Changes

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  This is an exchange offer, not a capital raise: HASI receives no proceeds and simply swaps privately placed notes issued June 24, 2026 for publicly registered Exchange Notes with identical terms (5.950% annual interest, maturing July 15, 2033).

  Use of Proceeds verify on EDGAR →
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  HASI had $5.9 billion of total consolidated debt as of June 30, 2026, including $3.2 billion in existing senior notes that rank equal to the Exchange Notes and $1.1 billion in junior subordinated notes that rank below them.

  Risk Factors verify on EDGAR →
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  The Exchange Notes are unsecured and effectively subordinated to all secured debt to the extent of collateral value; in bankruptcy, secured creditors are paid first from their collateral before noteholders have any claim.

  Risk Factors verify on EDGAR →