HA Sustainable Infrastructure (NYSE: HASI) ups unsecured credit line to $1.825B

Rhea-AI Filing Summary

HA Sustainable Infrastructure Capital, Inc. entered into a Fifth Amendment to its revolving credit facility, increasing available revolving commitments by $175 million to a total of $1.825 billion. The amended facility remains a 4-year, unsecured CarbonCount®-based revolving credit agreement with JPMorgan Chase Bank, N.A. as administrative agent and Natixis, New York Branch and The Bank of Nova Scotia among the lenders. This change partially uses the accordion feature under the existing credit agreement, expanding the company’s committed borrowing capacity under its main revolving credit line.

Insights

Credit and capital structure analyst

HASI expands unsecured revolving credit capacity by $175M via amendment.

HA Sustainable Infrastructure Capital, Inc. signed a Fifth Amendment to its main revolving credit agreement, using the accordion feature to lift total available revolving commitments to $1.825 billion. The facility is a 4-year, unsecured CarbonCount®-based revolver, with JPMorgan Chase Bank, N.A. as administrative agent and Natixis, New York Branch and The Bank of Nova Scotia listed as lenders in this amendment.

Because the revolver is unsecured and sized in the billions, it appears to be a core funding source for the business. Increasing commitments by $175 million expands committed liquidity, but the excerpt does not state any pricing or covenant changes, so the emphasis here is on additional capacity rather than altered terms.

Future disclosures in company filings may clarify how much of this expanded $1.825 billion facility is drawn over time and how it supports transaction funding or general corporate needs within the 4-year term.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

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Accepted by SEC EDGAR 12/29/2025 - 06:05 AM Learn about SEC filing dates

FAQ

What capital change did HA Sustainable Infrastructure Capital, Inc. (HASI) report?

HA Sustainable Infrastructure Capital, Inc. reported entering into a Fifth Amendment to its revolving credit agreement, increasing available revolving commitments by $175 million to $1.825 billion.

What is the size and term of HASIs amended revolving credit facility?

The revolving credit facility is described as a $1.550 billion, 4-year unsecured CarbonCount®-based revolving credit facility, with available revolving commitments increased to $1.825 billion under the Fifth Amendment.

Who are the key financial institutions in HASIs amended credit facility?

JPMorgan Chase Bank, N.A. serves as administrative agent, and Natixis, New York Branch and The Bank of Nova Scotia are identified as lenders in the Fifth Amendment.

How did HASI increase its revolving commitments by $175 million?

The company partially utilized the accordion feature in its existing credit agreement to increase available revolving commitments by $175 million, from $1.650 billion to $1.825 billion.

When was the Fifth Amendment to HASIs credit agreement signed?

The Fifth Amendment to the credit agreement was entered into on December 22, 2025.

What type of credit facility does HASI have under this agreement?

HASI has a 4-year, unsecured CarbonCount®-based revolving credit facility, which provides revolving borrowing capacity rather than a term loan.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

December 22, 2025

HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-35877		46-1347456
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

One Park Place, Suite 200

Annapolis, Maryland 21401

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (410) 571-9860

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value per share		HASI		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On December 22, 2025, HA Sustainable Infrastructure Capital, Inc. (the “Company”), entered into an amendment (the “Fifth Amendment”) to the credit agreement (the “Credit Agreement”), dated as of April 12, 2024 and as previously amended on September 10, 2024 (the “First Amendment”), October 31, 2024 (the “Second Amendment”), March 28, 2025 (the “Third Amendment”) and December 9, 2025 (the “Fourth Amendment”) for the Company’s $1.550 billion, 4-year unsecured CarbonCount^®-based revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent and Natixis, New York Branch and The Bank of Nova Scotia as lenders (the “Lenders”). As described in the Fifth Amendment, the Company partially utilized the accordion feature of the Credit Agreement to increase available revolving commitments by $175 million (from $1.650 billion to $1.825 billion).

Copies of the Credit Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment and the Fifth Amendment are filed as Exhibits 1.1, 1.2, 1.3, 1.4, 1.5 and 1.6 to this Current Report on Form 8-K, and the descriptions of the terms of the Credit Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment and the Fifth Amendment in this Item 8.01 are qualified in their entirety by reference to such Exhibits, which are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
1.1		Credit Agreement, dated as of April 12, 2024, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent, sole bookrunner and sustainability structuring agent and lender, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Keybank National Association, M&T Bank, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation and Truist Securities, Inc. as joint lead arrangers, Bank of America, N.A., Barclays Bank PLC and Goldman Sachs Bank USA as documentation agents, and each lender from time to time party thereto (incorporated by reference to Exhibit 1.1 to the Company’s Form 8-K (No.001-35877), filed on April 17, 2024).
1.2		Amendment No. 1 to Credit Agreement, dated as of September 10, 2024, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent, sole bookrunner, sustainability structuring agent and lender, Citibank, N.A., Credit Agricole Corporate and Investment Bank, Keybank National Association, M&T Bank, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation and Truist Securities, Inc. as joint lead arrangers and lenders, and Bank of America, N.A., Barclays Bank PLC and Goldman Sachs Bank USA as documentation agents and lenders (incorporated by reference to Exhibit 1.2 to the Company’s Form 8-K (No.001-35877), filed on September 13, 2024).
1.3		Amendment No. 2 to Credit Agreement, dated as of October 31, 2024, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent and Coöperatieve Rabobank U.A., New York Branch as lender (incorporated by reference to Exhibit 1.3 to the Company’s Form 8-K (No.001-35877), filed on November 1, 2024).
1.4		Amendment No. 3 to Credit Agreement, dated as of March 28, 2025, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent and Bank of Montreal and M&T Bank as lenders (incorporated by reference to Exhibit 1.4 to the Company’s Form 8-K (No.001-35877), filed on March 31, 2025).
1.5		Amendment No. 4 to Credit Agreement, dated as of December 9, 2025, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent and ING Capital LLC as lender (incorporated by reference to Exhibit 1.5 to the Company’s Form 8-K (No.001-35877), filed on December 10, 2025).
1.6		Amendment No. 5 to Credit Agreement, dated as of December 22, 2025, by and among the Company, certain subsidiaries of the Company, JPMorgan Chase Bank, N.A. as administrative agent and Natixis, New York Branch and The Bank of Nova Scotia as lenders.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.
				By:		/s/ Steven L. Chuslo
Dated: December 29, 2025						Steven L. Chuslo
						Executive Vice President and Chief Legal Officer

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