---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-242484"
form_type: "8-K"
ticker: null
cik: "0001772695"
company_name: "Sunnova Energy International Inc."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:46:46.271072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sunnova issues $400M of 11.750% Senior Notes due 2028 to fund green projects

## Summary
- $400M aggregate principal of 11.750% Senior Notes due 2028 issued at 97.262% of par.
- Notes are unsecured senior obligations, guaranteed by parent Sunnova International and subsidiary guarantor.
- Proceeds to be allocated to finance or refinance eligible green projects; pending use held in normal liquidity practices.
- Covenants include cash asset coverage ratio of not less than 2.0x; redeemable at any time prior to par call date at a premium.
- Change of control triggers repurchase at 101% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-23-242484
- form_type: 8-K
- cik: 0001772695
- company_name: Sunnova Energy International Inc.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/0001193125-23-242484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/d909440d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-242484
- JSON: https://secwatch.observer/filing/0001193125-23-242484.json
- Plain text: https://secwatch.observer/filing/0001193125-23-242484.txt

## Key facts
- Debt Financings
  Sunnova Energy International Inc. incurred senior notes of $400 million aggregate principal amount with Wilmington Trust, National Association at 11.750% maturing October 1, 2028.
  - Instrument: senior notes
  - Principal: $400 million aggregate principal amount
  - Counterparty: Wilmington Trust, National Association
  - Rate: 11.750%
  - Maturity: October 1, 2028
  - Event: incurrence
  source text: On September 26, 2023, Sunnova Energy Corporation (the “Issuer”), a wholly owned subsidiary of Sunnova Energy International Inc. (the “Company”), issued $400 million aggregate principal amount of 11.750% Senior Notes due 2028 (the “Notes”) under an indenture, dated as of September 26, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/0001193125-23-242484-index.htm
- Material Agreements
  Sunnova Energy International Inc. entered into Indenture with Wilmington Trust, National Association valued at $400 million aggregate principal amount of 11.750% Senior Notes due 2028 (effective 2023-09-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $400 million aggregate principal amount of 11.750% Senior Notes due 2028
  - Effective: 2023-09-26
  source text: On September 26, 2023, Sunnova Energy Corporation (the "Issuer"), a wholly owned subsidiary of Sunnova Energy International Inc. (the "Company"), issued $400 million aggregate principal amount of 11.750% Senior Notes due 2028 (the "Notes") under an indenture, dated as of September 26, 2023 (the "Indenture"), among the Issuer, the Company, Sunnova Intermediate Holdings, LLC (the "Subsidiary Guarantor") and Wilmington Trust, National Association, as trustee for the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/0001193125-23-242484-index.htm

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