HASI · HA Sustainable Infrastructure Capital, Inc.

HA Sustainable Infrastructure Capital executed two significant credit agreements on July 14, 2026, replacing its existing debt facilities with larger, cheaper, and longer-dated financing. The new $2.25 billion unsecured revolving credit facility (maturing July 2031) increases capacity by $425 million over the prior $1.825 billion facility (which was due April 2028). The interest rate spread improved by 10 basis points to 157.5 bps over SOFR, with a commitment fee of 27 bps on undrawn amounts (down from 29.5 bps). Additionally, the company entered into a $400 million senior unsecured term loan (3-year maturity) that replaces a $250 million term loan and a $250 million delayed draw term loan, resulting in a 33 basis point reduction in the weighted average margin to 1.45%. Both facilities include CarbonCount® sustainability-linked pricing adjustments that can further alter spreads by up to ±10 bps. The termination of the prior credit agreements occurred simultaneously, with no outstanding loans at that time. All 18 existing relationship banks committed to the new revolving facility, indicating strong lender support. These transactions enhance the company's liquidity profile, extend maturities, reduce interest costs, and align financing with sustainability metrics, positioning HASI for continued growth in sustainable infrastructure investments.