08:19 AM EDT, 06/25/2024 (MT Newswires) -- Hannon Armstrong Sustainable Infrastructure Capital ( HASI ) said Tuesday it had priced its private offering of $700 million of 6.375% green senior unsecured notes due 2034.

The company said the settlement of the notes is expected on July 1.

Net proceeds from the offering, estimated at $688 million, will be used to temporarily repay a portion of the outstanding borrowings under its unsecured credit facility and repurchase certain of its 6% senior notes due 2025, according to the company.