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Hannon Armstrong secures 2 revolving credit facilities

Certain subsidiaries of Hannon Armstrong Sustainable Infrastructure Capital Inc. on Dec. 13 secured two new senior secured revolving credit facilities that provide for $450 million in aggregate borrowing capacity.

Bank of America NA was the administrative agent. The loan agreements both expire on July 19, 2023.

Furthermore, certain subsidiaries of the company fully repaid $253 million of borrowings under existing credit facilities using the proceeds from the new facilities. All commitments from the existing facilities were terminated.