Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
3 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events

5. Subsequent Events

On April 23, 2013, HASI completed its IPO of 13,333,333 shares of common stock priced at $12.50 per share. The common stock is listed on the New York Stock Exchange under the symbol “HASI”. The net proceeds to HASI from the IPO were approximately $155.4 million, after deducting underwriting discounts. On May 17, 2013, the underwriters exercised their option to purchase an additional 818,356 shares of common stock for additional net proceeds after deducting underwriting discounts of $9.5 million.

At the time of the IPO, HASI completed a series of transactions, which are referred to as the formation transactions that resulted in the Predecessor, becoming an indirect subsidiary of HASI. The formation transactions included the exchange by the existing owners of the Predecessor, directly or indirectly, by merger or equity contribution, of their equity interests in the Predecessor for shares of HASI common stock or units of limited partner interest (“OP units”) in the Operating Partnership