Business Context and Reporting Period
Company: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 15, 2016
Event: Entry into a Material Definitive Agreement for an equity offering.
Key Financial Metrics
- Shares Issued: 4,600,000 shares of common stock (including 600,000 shares from a full exercise of the underwriters' option).
- Offering Price: $19.78 per share.
- Net Proceeds: Approximately $90.5 million (after deducting offering expenses).
- Underwriters: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC.
- Closing Date: June 21, 2016.
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The Company entered into an underwriting agreement to sell common stock under a shelf registration statement (Form S-3, File No. 333-198157). This transaction represents a material increase in the Company's equity capital and cash resources.
Outlook and Management Commentary
The filing confirms the successful execution of the offering and the full exercise of the over-allotment option by underwriters. No specific forward-looking guidance, risk factors, or management commentary regarding future operations is included in this specific 8-K text beyond the details of the transaction.
Investor Verification Checklist
- Verify the final closing date of the offering (June 21, 2016) and the exact number of shares issued.
- Confirm the total net proceeds received ($90.5 million) against the gross proceeds calculated from the share count and price.
- Review the attached Underwriting Agreement (Exhibit 1.1) for lock-up periods or specific conditions.
- Check subsequent filings for the intended use of the $90.5 million in proceeds.