Hybar LLC (Hybar) has announced the pricing of the previously announced offering (the Offering) of US$400 million aggregate principal amount of 7.375% senior secured green notes due 2034 (the Notes) (i) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and (ii) outside the United States pursuant to Regulation S under the Securities Act. The Notes have been designated as Green Bonds — Climate Bonds Certified. Kestrel 360, Inc. has provided an independent external review and opinion that the Notes conform with the Climate Bonds Standard (Version 4.3) and therefore qualify for Climate Bonds designation. The closing of the Offering is expected to occur on or about June 25, 2026, subject to customary closing conditions.
Latham & Watkins LLP advised Hybar in the transaction with a corporate team led by New York partners Michael Benjamin and Benjamin Stern, with associates Robyn Sablove, Elina Stavropoulou, and Ana Carolina Andrade, with assistance from Jen Kim. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with counsel Kathryn Harrington and associate Daniel Mousseri.
