Hannon Armstrong Sustainable Infrastructure Capital, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Nonrecourse Debt

Nonrecourse Debt (Predecessor [Member])

3 Months Ended

Mar. 31, 2013

Predecessor [Member]

Nonrecourse Debt

8. Nonrecourse Debt

An analysis of nonrecourse debt by interest rate as of March 31, 2013 and December 31, 2012 is as follows:


March 31, 2013	Balance		Maturity
Fixed-rate promissory notes, interest rates from 2.26% to 5.00% per annum	$	89,724,072		2014 to 2032
Fixed-rate promissory notes, interest rates from 5.01% to 6.50% per annum		80,809,208		2013 to 2031
Fixed-rate promissory notes, interest rates from 6.51% to 8.00% per annum		26,070,385		2015 to 2031

Total nonrecourse debt	$	196,603,665


December 31, 2012	Balance		Maturity
Fixed-rate promissory notes, interest rates from 2.26% to 5.00% per annum	$	82,753,303		2014 to 2032
Fixed-rate promissory notes, interest rates from 5.01% to 6.50% per annum		85,300,600		2013 to 2031
Fixed-rate promissory notes, interest rates from 6.51% to 8.00% per annum		27,898,266		2013 to 2031

Total nonrecourse debt	$	195,952,169

Amounts due under nonrecourse notes are secured by the underlying assets with no recourse to the general assets of the Predecessor. Debt service, in a majority of cases, is equal to or less than the lease or financing receivables from the equipment user. Approximately $18.5 million of nonrecourse debt was repaid in April 2013 from the proceeds of the IPO.