secwatch.observer — SEC 8-K summary
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Issuer:     Sunnova Energy International Inc. (—)
CIK:        0001772695
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0001193125-23-242484
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/0001193125-23-242484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772695/000119312523242484/d909440d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-242484

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