HASI

LeddarTech's Board of Directors Appoints Sylvie Veilleux and Lizabeth Ardisana

Retrieved on: 
Monday, January 29, 2024
ASG, BEN, Franklin Templeton Investments, Compensation, Prezi, CIO, Committee, Ardisana, Woman, ADAS, AAPL, Ford Motor Company, CRM, IPO, HASI, Kettering University, Mozilla, Marketing, PDW, Grand Canyon Conservancy, Audit committee, Chairperson, Management

QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.

Key Points: 
  • QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.
  • "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Chair of the Board.
  • Ms. Sylvie Veilleux is a strategic global technology leader and former CIO with over three decades of experience, holding top management positions at fast-growing technology firms.
  • Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively contributing as a business and civic leader.

HASI Announces Add-On Private Offering of $100 Million Green Senior Unsecured Notes

Retrieved on: 
Tuesday, January 9, 2024
Other Energy, Professional Services, Utilities, Sustainability, Alternative Energy, Energy, Environment, Construction & Property, Green Technology, REIT, Finance, Climate Change, Person, HAT, Sale, HASI, Regulation, Nature, Note, Security (finance)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date.

HASI Upsizes and Prices Add-On Private Offering of $200 Million of Green Senior Unsecured Notes at a Yield to Maturity of 7.08%

Retrieved on: 
Wednesday, January 10, 2024
Environment, Construction & Property, Climate Change, Environmental Health, Utilities, REIT, Sustainability, Alternative Energy, Green Technology, Energy, Person, HAT, Sale, Investment, HASI, Regulation, Nature, Note, Security (finance)

The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.

Key Points: 
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $100 million in aggregate principal amount.
  • The Notes have been priced at 102.75%, plus accrued interest with a yield to maturity of 7.08% and yield to worst of 7.02%.

HASI Announces Conversion to C-Corporation

Retrieved on: 
Thursday, December 21, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Climate Change, Environmental Health, Utilities, REIT, Alternative Energy, Green Technology, Energy, HASI, Real estate investing, Real estate investment trust, Renewable energy

The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.

Key Points: 
  • The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "We've concluded that our optimal tax structure moving forward is to cease electing REIT status in 2024," said Jeffrey A. Lipson, President and CEO of HASI.
  • "This change leaves our investment strategy intact and provides greater flexibility to capitalize on the tremendous growth opportunities associated with the clean energy transition."

HASI Upsizes and Prices Private Offering of $550 Million of Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Tuesday, December 5, 2023
Other Energy, Commercial Building & Real Estate, Utilities, Construction & Property, Alternative Energy, Energy, REIT, Other Construction & Property, HASI, Sale, Nature, NYSE, Note, HAT, Person, SEC Rule 144A, Regulation, Security (finance)

At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.

Key Points: 
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $500 million in aggregate principal amount.
  • The settlement of the Notes is expected to occur on December 7, 2023, subject to customary closing conditions.
  • The Company estimates that the net proceeds from the offering of the Notes will be approximately $543 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses.

HASI Announces Proposed Private Offering of $500 Million Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Monday, December 4, 2023
Environment, Construction & Property, Other Energy, Environmental Health, Utilities, REIT, Sustainability, Alternative Energy, Energy, Other Construction & Property, HASI, Sale, Nature, NYSE, Note, HAT, Person, SEC Rule 144A, Regulation

At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.

Key Points: 
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The primary rationale for the issuance is to fund ten identified near term opportunities in the pipeline across Behind-the-Meter, Grid-Connected and Fuels, Transport, and Nature markets and at weighted average anticipated yield of approximately 11%, resulting in mid-teen Return on Equity.
  • These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date.
  • Additional investment opportunities have also already been identified and are consistent with the Company’s normal course investment profile.

HASI Adopts Tax Benefit Preservation Plan for Net Operating Losses

Retrieved on: 
Thursday, November 2, 2023
REIT, Alternative Energy, Energy, Construction & Property, Utilities, NOL, Security (finance), NYSE, Internal Revenue Code, Bangladesh Securities and Exchange Commission, Rights, Acquisition, HASI, Risk, Tax attribute, Holding company

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes").
  • However, the Company’s ability to use its Tax Attributes may become substantially limited if HASI were to experience an "ownership change" as defined under Section 382 of the Internal Revenue Code.
  • The NOL Plan reduces the risk of an ownership change by deterring any person from obtaining beneficial ownership of 4.9 percent or more of HASI stock.
  • Any shares of HASI common stock issued after the record date will be issued together with a right.

HASI Announces Third Quarter 2023 Results, Record $0.62 Distributable EPS, Affirms Guidance, Continued Improvement in Margins

Retrieved on: 
Thursday, November 2, 2023
Environment, Construction & Property, Finance, Environmental Health, REIT, Professional Services, Alternative Energy, Energy, Environmental, Social and Governance (ESG), Growth, Investment, GAAP, HASI, Risk, Government, Judgement, Credit, Security (finance)

Previously included in this category was $11 million of loans we had made in a new market venture where the performance was not meeting expectations.

Key Points: 
  • Previously included in this category was $11 million of loans we had made in a new market venture where the performance was not meeting expectations.
  • We collected this loan in full in the second quarter of 2023 and accordingly released the related allowance.
  • This dividend will be paid on January 12, 2024, to stockholders of record as of December 29, 2023.
  • HASI will host an investor conference call today, Thursday, November 2, 2023, at 5:00 p.m. Eastern Time.

Climate United Announces Inaugural Board of Directors

Retrieved on: 
Friday, October 27, 2023
Environment, Environmental Policy, Environmental Issues, Utilities, Public Policy, Government, Philanthropy, Alternative Energy, Energy, White House, Federal Government, Foundation, Former, Left–right political spectrum, Environmental protection, Transport, Work, EPA, Inflation Reduction Act of 2022, HASI, Economic development, Climate, Social change, Inflation, Renewable energy, Management

Climate United, a collaboration to accelerate an equitable clean energy transition, announced today its inaugural board of directors.

Key Points: 
  • Climate United, a collaboration to accelerate an equitable clean energy transition, announced today its inaugural board of directors.
  • The board is comprised of leaders in clean energy, community and economic development, sustainable finance, civil rights, economic justice and movement building.
  • “This unique mix of directors and diversity of backgrounds and experiences will support the execution of the bold and ambitious strategy put forth by the Climate United consortium,” said Climate United CEO Beth Bafford.
  • Climate United offers the experience and relationships to ensure this significant federal investment will create both scalable and localized solutions that reach all our communities.

HASI Announces Third Quarter 2023 Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, October 18, 2023
Socially Responsible Investing, Construction & Property, REIT, Professional Services, Other Energy, Asset Management, Alternative Energy, Environment, Energy, Finance, Sustainability, HASI, NYSE, Eastern Time Zone, The Company, Online shopping

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2023 results after market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2023 results after market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time).
  • The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
  • Participants should inform the operator you want to be joined to the HASI call.
  • The conference call will also be accessible as an audio webcast with slides on our website.