HASI announced the pricing of a $500 million green junior subordinated notes offering on November 13, 2025. The notes carry an 8.0 % coupon and mature in 2056, classifying them as junior subordinated debt within the company’s green financing strategy.
Proceeds will be allocated to repay portions of the company’s unsecured revolving credit facility and commercial paper programs, thereby reducing short‑term debt exposure. The remaining funds will be directed toward acquiring, investing in, or refinancing eligible green projects, such as renewable energy facilities and energy‑efficiency upgrades, in line with HASI’s mandate to expand its sustainable infrastructure portfolio.
The 8 % coupon reflects the higher risk profile of junior subordinated debt, which sits below senior secured obligations in the capital structure. Issuing green notes also positions HASI to tap the growing pool of ESG‑focused investors who prefer green‑labelled debt, while maintaining a favorable spread over benchmark rates in a low‑interest‑rate environment.
By raising $500 million in green debt, HASI strengthens its balance sheet, reduces leverage, and preserves liquidity for future project financing. The transaction also signals confidence in the company’s pipeline of green projects, which has been expanding as demand for renewable and low‑carbon infrastructure grows across the United States.
The offering aligns with a broader trend of corporates and infrastructure funds issuing green debt to meet regulatory and investor demand for sustainable financing. HASI’s focus on renewable energy, energy efficiency, and other environmental solutions positions it to capture this momentum and reinforce its leadership in the sustainable infrastructure market.
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