---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-273527"
form_type: "8-K"
ticker: null
cik: "0001772695"
company_name: "Sunnova Energy International Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:57:36.387829+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunnova closes $244M DOE-guaranteed securitization and upsizes TEPH revolver to $1.309B

## Summary
- TEPH subsidiary amended revolver to $1.309B committed (max $1.575B); matures Nov 2025; non-recourse to SEI.
- DOE guaranteed 90% of $244M loan under Title 17; remaining $3.089B guarantee authority stays available.
- Issuer sold $219.6M 5.75% Class 1-A notes (AAA(sf)/AA(sf)) and $24.4M 8.25% Class 2-A notes (BB(sf)).
- SEC provides limited performance guarantees for certain obligations under the transactions.
- Proceeds used to finance residential solar and storage installations via solar loan portfolio.

## SEC filing metadata
- accession: 0001193125-23-273527
- form_type: 8-K
- cik: 0001772695
- company_name: Sunnova Energy International Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772695/000119312523273527/0001193125-23-273527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772695/000119312523273527/d579286d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-273527
- JSON: https://secwatch.observer/filing/0001193125-23-273527.json
- Plain text: https://secwatch.observer/filing/0001193125-23-273527.txt

## Key facts
- Debt Financings
  Sunnova Energy International Inc. incurred revolving credit of an aggregate commitment amount of $1.309 billion and an uncommitted maximum facility amount of $1.575 billion with Atlas Securitized Products Holdings, L.P., as administrative agent, and the lenders and other financial institutions party thereto at Term SOFR plus a margin specific to each lender or such lender’s Commercial Pape maturing November 20, 2025.
  - Instrument: revolving credit
  - Principal: an aggregate commitment amount of $1.309 billion and an uncommitted maximum facility amount of $1.575 billion
  - Counterparty: Atlas Securitized Products Holdings, L.P., as administrative agent, and the lenders and other financial institutions party thereto
  - Rate: Term SOFR plus a margin specific to each lender or such lender’s Commercial Pape
  - Maturity: November 20, 2025
  - Event: incurrence
  source text: The Amended TEPH Credit Agreement provides for a revolving credit facility with an aggregate commitment amount of $1.309 billion and an uncommitted maximum facility amount of $1.575 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523273527/0001193125-23-273527-index.htm
- Material Agreements
  Sunnova Energy International Inc. amended Second Amended and Restated Credit Agreement with Atlas Securitized Products Holdings, L.P. valued at $1.309 billion (effective 2023-11-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Atlas Securitized Products Holdings, L.P.
  - Value: $1.309 billion
  - Effective: 2023-11-03
  source text: On November 3, 2023, Sunnova TEP Holdings, LLC (“TEPH”), a wholly owned subsidiary of Sunnova Energy International Inc. (the “Company”), entered into that certain Second Amended and Restated Credit Agreement (the “Amended TEPH Credit Agreement”), which amends and restates that certain Amended and Restated Credit Agreement, dated as of March 29, 2021, by and among TEPH, as borrower, Sunnova TE Management, LLC, as facility administrator, Atlas Securitized Products Holdings, L.P., as administrative agent, and the lenders and other financial institutions party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000119312523273527/0001193125-23-273527-index.htm

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