---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-146096"
form_type: "8-K"
ticker: null
cik: "0001772695"
company_name: "Sunnova Energy International Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:54:50.786161+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sunnova subsidiary issues $286.7M solar loan backed notes in three tranches

## Summary
- Issued $174.9M Class A notes at 5.30%, $80.1M Class B at 5.60%, $31.7M Class C at 6.00%.
- Notes have anticipated repayment date of May 22, 2028; secured by residential solar loan portfolio.
- Proceeds to finance green investments and repay existing subsidiary financing.
- Notes rated AA- (sf)/A- (sf)/BBB (sf) by Kroll and Fitch for Classes A/B/C respectively.
- Sunnova Energy Corporation provides performance guaranty for certain obligations.

## SEC filing metadata
- accession: 0001193125-23-146096
- form_type: 8-K
- cik: 0001772695
- company_name: Sunnova Energy International Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/0001193125-23-146096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/d503141d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-146096
- JSON: https://secwatch.observer/filing/0001193125-23-146096.json
- Plain text: https://secwatch.observer/filing/0001193125-23-146096.txt

## Key facts
- Debt Financings
  Sunnova Energy International Inc. incurred senior notes of $80,100,000 aggregate principal amount of 5.60% Solar Loan Backed Notes, Series 2023-A Class B with Wilmington Trust, National Association at 5.60% maturing anticipated repayment date of May 22, 2028.
  - Instrument: senior notes
  - Principal: $80,100,000 aggregate principal amount of 5.60% Solar Loan Backed Notes, Series 2023-A Class B
  - Counterparty: Wilmington Trust, National Association
  - Rate: 5.60%
  - Maturity: anticipated repayment date of May 22, 2028
  - Event: incurrence
  source text: $80,100,000 aggregate principal amount of 5.60% Solar Loan Backed Notes, Series 2023-A Class B
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/0001193125-23-146096-index.htm
- Debt Financings
  Sunnova Energy International Inc. incurred senior notes of $174,900,000 aggregate principal amount of 5.30% Solar Loan Backed Notes, Series 2023-A Class A with Wilmington Trust, National Association at 5.30% maturing anticipated repayment date of May 22, 2028.
  - Instrument: senior notes
  - Principal: $174,900,000 aggregate principal amount of 5.30% Solar Loan Backed Notes, Series 2023-A Class A
  - Counterparty: Wilmington Trust, National Association
  - Rate: 5.30%
  - Maturity: anticipated repayment date of May 22, 2028
  - Event: incurrence
  source text: The Issuer issued $174,900,000 aggregate principal amount of 5.30% Solar Loan Backed Notes, Series 2023-A Class A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/0001193125-23-146096-index.htm
- Debt Financings
  Sunnova Energy International Inc. incurred senior notes of $31,700,000 aggregate principal amount of 6.00% Solar Loan Backed Notes, Series 2023-A Class C with Wilmington Trust, National Association at 6.00% maturing anticipated repayment date of May 22, 2028.
  - Instrument: senior notes
  - Principal: $31,700,000 aggregate principal amount of 6.00% Solar Loan Backed Notes, Series 2023-A Class C
  - Counterparty: Wilmington Trust, National Association
  - Rate: 6.00%
  - Maturity: anticipated repayment date of May 22, 2028
  - Event: incurrence
  source text: $31,700,000 aggregate principal amount of 6.00% Solar Loan Backed Notes, Series 2023-A Class C
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/0001193125-23-146096-index.htm
- Material Agreements
  Sunnova Energy International Inc. entered into Indenture with Wilmington Trust, National Association valued at $174,900,000 aggregate principal amount of 5.30% Solar Loan Backed Notes, Series 2023-A Class A, $80 (effective 2023-05-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $174,900,000 aggregate principal amount of 5.30% Solar Loan Backed Notes, Series 2023-A Class A, $80
  - Effective: 2023-05-16
  source text: On May 16, 2023, a wholly owned, indirect subsidiary (the “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 loan backed notes that were issued pursuant to the Indenture (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523146096/0001193125-23-146096-index.htm

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