{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-036550","form_type":"8-K","ticker":null,"cik":"0001772695","company_name":"Sunnova Energy International Inc.","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.477650+00:00","generated_at":"2026-06-06T02:30:51.496116+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sunnova closes $226M solar securitization; EVP Hillstrand to depart","bullets":["SOL VI Issuer issued $194.5M Class A notes at 5.65%, $16.5M Class B at 7.00%, $15M Class C at 9.00%.","Notes rated A-(sf), BBB(sf), BB-(sf) by Kroll; secured by solar assets and cash flows.","Proceeds used for offering expenses and general corporate purposes; transaction closed Feb 13, 2024.","EVP Kris Hillstrand in discussions regarding separation; Company will not fill his position.","Also amended two credit agreements (SLA and TEPH) with Atlas Securitized Products Holdings."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-036550","json":"https://secwatch.observer/filing/0001193125-24-036550.json","markdown":"https://secwatch.observer/filing/0001193125-24-036550.md","text":"https://secwatch.observer/filing/0001193125-24-036550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/d788452d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:30:51.496116+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"276f62d381adf678ebd764bf159c247dc6d2221d","claim":"Sunnova Energy International Inc. amended credit facility with Atlas Securitized Products Holdings, L.P..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Atlas Securitized Products Holdings, L.P."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"9859aa2f399766889154dcc25fdaaa3156f0ae77","claim":"Sunnova Energy International Inc. incurred senior notes of $194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A at 5.65% maturing April 30, 2032.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$194,500,000 5.65% Solar Asset Backed Notes, Series 2024-1, Class A"},{"label":"Rate","value":"5.65%"},{"label":"Maturity","value":"April 30, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4f634169a871ace65970a6d4ceba3633303d20f","claim":"Sunnova Energy International Inc. incurred senior notes of $15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C at 9.00% maturing April 30, 2032.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$15,000,000 9.00% Solar Asset Backed Notes, Series 2024-1, Class C"},{"label":"Rate","value":"9.00%"},{"label":"Maturity","value":"April 30, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e1bf39201203a719417186d0cd437779c4ecc1ad","claim":"Sunnova Energy International Inc. incurred senior notes of $16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B at 7.00% maturing April 30, 2032.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$16,500,000 7.00% Solar Asset Backed Notes, Series 2024-1, Class B"},{"label":"Rate","value":"7.00%"},{"label":"Maturity","value":"April 30, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2498a19326","claim":"Kris W. Hillstrand departed as Executive Vice President, Direct at Sunnova Energy International Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"separation"},{"label":"Role","value":"Executive Vice President, Direct"}],"fact_type":"executive_change"},{"claim_id":"70521071ad9818e329190955f55a3115d72253a1","claim":"Sunnova Energy International Inc. amended TEPH Amendment with Atlas Securitized Products Holdings, L.P. (effective 2024-02-14).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Atlas Securitized Products Holdings, L.P."},{"label":"Effective","value":"2024-02-14"}],"fact_type":"material_agreement"},{"claim_id":"a481da9c540f026b9ca5b545a1f9222c990ef9f9","claim":"Sunnova Energy International Inc. entered into Indenture with Wilmington Trust, National Association (effective 2024-02-13).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Effective","value":"2024-02-13"}],"fact_type":"material_agreement"},{"claim_id":"fbe030c62577ecb7dfab173992a9a06be3362a6a","claim":"Sunnova Energy International Inc. amended SLA Amendment with Atlas Securitized Products Holdings, L.P. (effective 2024-02-14).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524036550/0001193125-24-036550-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Atlas Securitized Products Holdings, L.P."},{"label":"Effective","value":"2024-02-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}