Sunnova Energy International Inc.: debt financing — Sunnova closes $226M solar securitization; EVP Hillstrand to depart

On February 14, 2024, Sunnova TEP Holdings, LLC (the "TEPH Borrower"), a wholly owned subsidiary of the Company, entered into that certain First Amendment to Second Amended and Restated Credit Agreement (the "TEPH Amendment"), which, among other things, amends that certain Second Amended and Restated Credit Agreement, dated as of November 3, 2023 (the "TEPH Credit Agreement"), by and among the TEPH Borrower, as borrower, Sunnova TE Management, LLC, as facility administrator, Atlas Securitize

SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").

SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").

SOL VI Issuer issued $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A (the "Class A Notes"), $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B (the "Class B Notes") and $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C (the "Class C Notes" and, collectively with the Class A Notes and Class B Notes, the "Notes").

On February 8, 2024, the Company commenced discussions with Kris W. Hillstrand, Executive Vice President, Direct regarding his transition and separation from the Company, including the effective date of such separation.

On February 14, 2024, Sunnova TEP Holdings, LLC (the “TEPH Borrower”), a wholly owned subsidiary of the Company, entered into that certain First Amendment to Second Amended and Restated Credit Agreement (the “TEPH Amendment”), which, among other things, amends that certain Second Amended and Restated Credit Agreement, dated as of November 3, 2023 (the “TEPH Credit Agreement”), by and among the TEPH Borrower, as borrower, Sunnova TE Management, LLC, as facility administrator, Atlas Securitize

On February 13, 2024, a wholly owned, indirect subsidiary (“SOL VI 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”).

On February 14, 2024, Sunnova EZ-Own Portfolio, LLC (the “SLA Borrower”), a wholly owned subsidiary of the Company, entered into that certain Amendment No. 2 to Second Amended and Restated Credit Agreement (SLA) (the “SLA Amendment”), which, among other things, further amends that certain Second Amended and Restated Credit Agreement, dated as of August 2, 2023 (as previously amended, the “SLA Credit Agreement”), by and among the SLA Borrower, certain other subsidiaries of the Company party thereto, Atlas Securitized Products Holdings, L.P., as administrative agent, and the lenders and other financial institutions party thereto.