As of 12/31/24
CarbonCount® Based Credit Facilities
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| Debt Identifer | Debt Category | Total Commitment | Maturity Date | Coupon2 | CarbonCount®1 | Third-party Opinion |
|---|---|---|---|---|---|---|
|
HASI-SLL-001
|
Unsecured Revolving Line of Credit
|
$1,350,000,000
|
4/12/2028
|
Term SOFR + 1.675%
|
0.33
|
|
|
HASI-SLL-002
|
Unsecured Term Loan A
|
$250,000,000
|
4/12/2027
|
Term SOFR + 1.925%
|
0.33
|
|
|
HASI-SLL-003
|
Senior Secured Revolving Line of Credit
|
$100,000,000
|
6/7/2029
|
Term SOFR + 1.850%
|
0.33
|
1. The CarbonCount® score reflects the annual metric tons of carbon emissions (CO2e) avoided per $1,000 of invested capital. Learn more
2. Each CarbonCount®-Based credit facility provides for an interest rate based upon our corporate ratings that are further reduced if HASI acheives a certain level of its CarbonCount® metric on an annual basis. Metric represents HASI's CarbonCount® reported in 2023. The Coupon reflected in the table reflects our existing rating adjusted to reflect 2023 CarbonCount® in accordance with the underlying appliable credit agreement.
Green CarbonCount® Commercial Paper
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| Debt Category | Program Size | Debt Principal Outstanding | Effective Yield3 | Third-party Opinion | Impact Reporting |
|---|---|---|---|---|---|
|
Tier 1 Credit Enhanced CarbonCount® Commercial Paper1
|
$125,000,000
|
$0
|
--
|
TBD
|
|
|
Tier 3 Standalone CarbonCount® Green Commercial Paper2
|
$1,000,000,000
|
$100,000,000
|
5.35%
|
TBD
|
TBD
|
1. Bank of America, N.A, has issued a letter of credit of up to $125m as a credit enhancement to our Tier 1 green commercial paper program, which allows HASI to issue commercial paper utilizing a short term rating of A1/P1 (S&P/Moodys). Amounts outstanding include all outstanding CP Issuances and unreimbursed amounts drawn on the Letter of Credit.
2. As a credit enhancement, our Tier 3 green commercial paper program is backstopped by our $1.35b unsecured revolving line of credit. Moody's and Fitch have assigned short-term ratings of P-3 and F3, respectively to the program.
3. Commercial Paper is renewed periodically on a short term basis. The effective yield represents the average borrowing cost of the total debt oustanding at the end of the period.