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
|
$1,350,000,0003
|
4/12/2028
|
Term SOFR + 1.675%
|
0.38
|
|
|
HASI-SLL-002
|
Unsecured Term Loan A
|
$250,000,000
|
4/12/2027
|
Term SOFR + 1.925%
|
0.38
|
|
|
HASI-SLL-003
|
Senior Secured Revolving Line of Credit
|
$100,000,0004
|
6/7/2029
|
Term SOFR + 1.850%
|
N/A
|
TBD
|
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.
3. Total commitment was upsized by $200 million to $1,550,000,000 on March 28, 2025.
4. In conjunction with the upsizing of the unsecured revolving line of credit, the senior secured revolving line of credit was terminated on March 28, 2025.
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.