financing public energy efficiency projects. introduction to hasi hannon armstrong sustainable...
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Introduction to HASI
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) •Debt and equity investments in sustainable infrastructure projects
• Energy efficiency projects performed by ESCOs• Clean energy projects• Other sustainable infrastructure projects that reduce energy consumption,
positively impact the environment, or use natural resources more efficiently
Leading Energy Efficiency Provider – 30 years•Originated $4.6B in financing for 475 projects since 2000•Leading provider of financing for Federal energy efficiency projects
REIT Structure•IPO on April 18, 2013•Converted to REIT to increase capital resources, structuring flexibility, expand project types and end-customers
Experienced Management with Deep Industry Relations
Financing Public Energy Efficiency Projects
PACETax-Exempt
LeaseTaxable
Off-Credit
Off-Balance Sheet(1) & Off-
Credit
Fixed Debt Payment Yes Yes No No
Impact on Credit Rating Yes Yes No No
Reduction in Borrowing Capacity Yes Yes No No
Requires Loan Instrument Yes Yes No No
Exposure to Performance/Credit Risk Yes Yes No No
Impact on Bond Covenants Yes Yes TBD(2) No
Est. Coupon 7.00% 3.5% - 4% 5.00% 5.00%
Closing/Legal Fees Yes Yes No Yes(3)
Max Term 20 20 25 25