Hannon Armstrong Sustainable Infrastructure Capital, Inc., announced the pricing of its initial public offering of 13.33 million shares of common stock at $12.50 per share. The company's common stock is expected to begin trading on the New York Stock Exchange on April 18, 2013 under the ticker symbol "HASI."
The company has granted the underwriters a 30-day option to purchase up to 1.99 million additional shares at the initial public offering price, less the underwriting discount.
Hannon Armstrong Sustainable Infrastructure Capital, which is a specialty finance company, has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.
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