Will Expanding Its Credit Facility by $100 Million Change HA Sustainable Infrastructure Capital's (HASI) Narrative?
In the past few days, HA Sustainable Infrastructure Capital, Inc. amended its credit agreement to expand its revolving credit facility by US$100 million, lifting total capacity from US$1.55 billions to US$1.65 billions via the accordion feature. This additional liquidity is particularly important given the company’s very high net-debt-to-EBITDA ratio and longer-term record of below-sector-average return on equity. With the revolving credit facility expansion now in place, we’ll assess how...