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Clean energy financing REIT Hannon Armstrong sets terms for $200 million IPO

Hannon Armstrong Sustainable Infrastructure Capital, a structured REIT that provides financing for clean energy projects, announced terms for its IPO on Thursday. The Annapolis, MD-based company plans to raise $200 million by offering 13.3 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Hannon Armstrong would command a market value of $227 million.

Hannon Armstrong, which was founded in 2012 and booked $17 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE and changed its proposed symbol to HASI. Hannon Armstrong Sustainable Infrastructure Capital initially filed confidentially on 11/9/2012. BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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