---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-118553"
form_type: "8-K"
ticker: null
cik: "0001772695"
company_name: "Sunnova Energy International Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:19:11.896106+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sunnova subsidiary issues $323.5M in solar asset-backed notes at 5.40% and 7.35%

## Summary
- Sol V Issuer issued $300M Class A notes at 5.40% and $23.5M Class B notes at 7.35%.
- Notes have anticipated repayment date of July 31, 2028; secured by solar assets and cash flows.
- Proceeds to be used for offering expenses and general corporate purposes.
- Class A notes rated A-(sf) and Class B notes rated BBB(sf) by Kroll Bond Rating Agency.
- Sunnova Energy Corporation issued a performance guaranty covering certain obligations.

## SEC filing metadata
- accession: 0001193125-23-118553
- form_type: 8-K
- cik: 0001772695
- company_name: Sunnova Energy International Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772695/000119312523118553/0001193125-23-118553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772695/000119312523118553/d477012d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-118553
- JSON: https://secwatch.observer/filing/0001193125-23-118553.json
- Plain text: https://secwatch.observer/filing/0001193125-23-118553.txt

## Key facts
- Debt Financings
  Sunnova Energy International Inc. incurred debt of $300,000,000 with Wilmington Trust, National Association at 5.40% maturing July 31, 2028.
  - Principal: $300,000,000
  - Counterparty: Wilmington Trust, National Association
  - Rate: 5.40%
  - Maturity: July 31, 2028
  - Event: incurrence
  source text: Sol V Issuer issued $300,000,000 5.40% Solar Asset Backed Notes, Series 2023-1, Class A (the “Class A Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523118553/0001193125-23-118553-index.htm
- Debt Financings
  Sunnova Energy International Inc. incurred debt of $23,500,000 with Wilmington Trust, National Association at 7.35% maturing July 31, 2028.
  - Principal: $23,500,000
  - Counterparty: Wilmington Trust, National Association
  - Rate: 7.35%
  - Maturity: July 31, 2028
  - Event: incurrence
  source text: and $23,500,000 7.35% Solar Asset Backed Notes, Series 2023-1, Class B (the “Class B Notes” and together with the Class A Notes, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523118553/0001193125-23-118553-index.htm
- Material Agreements
  Sunnova Energy International Inc. entered into Indenture with Wilmington Trust, National Association valued at $300,000,000 5.40% Solar Asset Backed Notes, Series 2023-1, Class A and $23,500,000 7.35% Solar Asse (effective 2023-04-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $300,000,000 5.40% Solar Asset Backed Notes, Series 2023-1, Class A and $23,500,000 7.35% Solar Asse
  - Effective: 2023-04-26
  source text: On April 26, 2023, a wholly owned, indirect subsidiary (“Sol V Issuer”) of Sunnova Energy International Inc., a Delaware corporation (the “Company”), entered into an indenture (the “Indenture”) with Wilmington Trust, National Association, as the indenture trustee, and completed an issuance of solar asset backed notes that were issued pursuant to the Indenture (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523118553/0001193125-23-118553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.