Business Context and Reporting Period
This Form 8-K was filed by Hannon Armstrong Sustainable Infrastructure Capital, Inc. on November 29, 2013, reporting events that occurred on November 26, 2013. The filing addresses the entry into a material definitive agreement and the creation of a direct financial obligation.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt balances, or liquidity ratios. The report focuses exclusively on the terms of a loan agreement amendment rather than periodic financial performance.
Material Changes
On November 26, 2013, the Company and certain subsidiaries entered into Amendment No. 1 to a Loan Agreement (PF) with Bank of America, N.A. The material changes include:
- Flexibility to negotiate an alternative interest rate margin on certain loans, subject to administrative agent approval.
- Minor amendments to technical matters regarding the process for requesting advances.
- Adjustments to the application of repayments and various other administrative matters.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the loan agreement amendment. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the specific terms of the alternative interest rate margin available under the amended agreement.
- Confirm the total outstanding principal balance under the Loan Agreement (PF) to assess the impact of the amendment.
- Review the full text of Exhibit 10.1 (Amendment No. 1 to Loan Agreement) for detailed covenants and conditions.