Hannon Armstrong Sustainable Infrastructure Capital, Inc. has upsized and priced its private offering of $1 billion in aggregate principal amount of 3.375% senior unsecured notes due 2026 (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”). 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 $750 million in aggregate principal amount. The settlement of the Notes is expected to occur on June 28, 2021, subject to customary closing conditions. The company intends to utilize the net proceeds of this offering to redeem the Issuers’ 5.250% Senior Notes due 2024 (the “2024 notes”), which are green bonds. After this redemption, the company intends to use the incremental net proceeds of this offering to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the company's intention to continue to qualify for taxation as a REIT.