Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. The amendment also expands the accordion feature under the revolving credit facility by $420 million, resulting in total capacity of up to $1.26 billion, subject to certain terms and conditions. The applicable margin remains unchanged at 1.875% for term SOFR-based loans.

“This upsize, along with our recent successful equity offering, will enable the continued growth of our portfolio,” Marc Pangburn, CFO of HASI, said. “Our diversified funding platform and strong relationships provide ongoing access to capital to profitably invest in the energy transition.”

JPMorgan Chase Bank is the administrative agent, sustainability structuring agent, lead arranger and bookrunner for the credit facility. Bank of America, Barclays Bank, Citibank, Morgan Stanley, RBC Capital Markets, Sumitomo Mitsui Banking Corporation and Wells Fargo are the documentation agents. The lead arranger and all documentation agents are either joining the facility or increasing their respective commitments as part of this amendment.

Fitch Ratings also revised its outlook for HASI to positive.