FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


JPMorgan Chase Leads Revolving Credit Facility Upsize to $840MM for HASI

June 02, 2023, 08:00 AM
Filed Under: Investment Financing

Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to $840 million. The amendment also expands the accordion feature under the revolving credit facility by $420 million, resulting in total capacity of up to $1.26 billion subject to certain terms and conditions. The applicable margin remains unchanged at 1.875% for Term SOFR Rate-based loans.

The bank group is led by JPMorgan Chase Bank as administrative agent, sustainability structuring agent, lead arranger and bookrunner. Bank of America, Barclays Bank PLC, Citibank, Morgan Stanley Bank, RBC Capital Markets, Sumitomo Mitsui Banking Corporation and Wells Fargo Bank, are documentation agents. The lead arranger and all documentation agents are either joining the facility or increasing their respective commitments as part of this amendment.

Fitch Ratings has also revised its outlook for the Company to positive.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.