{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-046271","form_type":"8-K","ticker":null,"cik":"0001772695","company_name":"Sunnova Energy International Inc.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.478129+00:00","generated_at":"2026-06-05T15:29:59.298353+00:00","sec_items":["2.03","5.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sunnova issues $227M secured notes; promotes Mathews to COO, grants exec compensation","bullets":["Issued $227M aggregate in notes: $166M Class A at 5.30%, $33.9M Class B at 6.00%, $27.1M Class C at 7.00%; rated AA-sf/A-sf/BBB-sf by Fitch, due 2031.","Notes secured by residential solar/energy storage loan portfolio; proceeds to repay existing financings and fund new investments.","Paul Mathews promoted to EVP Chief Operating Officer; David Searle adds Chief Compliance Officer role.","2024 base salaries: Berger $650K, Lane $400K, Grasso $425K (eff. Apr 1, 2024); 2023 bonuses paid Mar 6: Berger $1.22M, Lane $347K, Grasso $381K (60% cash/40% stock).","LTIP awards granted Mar 6: Berger $5M (RSUs + premium options at 120% strike); Lane $1.6M; Grasso $2.4M; all vest in 3 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-046271","json":"https://secwatch.observer/filing/0001193125-24-046271.json","markdown":"https://secwatch.observer/filing/0001193125-24-046271.md","text":"https://secwatch.observer/filing/0001193125-24-046271.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/d780343d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T15:29:59.298353+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":"0bce9dabc669dcabd555db66e871428d60397894","claim":"Sunnova Energy International Inc. entered an off-balance-sheet arrangement for guarantee.","evidence_excerpt":"Sunnova Energy Corporation, a wholly owned, direct subsidiary of the Company, issued a performance guaranty covering (a) the performance of certain obligations of its affiliates, (b) the performance obligations of the Manager under the Management Agreement and Servicing Agreement and (c) the payment of certain expenses incurred by the Issuer and the Indenture Trustee.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Event","value":"off balance sheet"}],"fact_type":"debt_financing"},{"claim_id":"27cc698baea329fd27bd5e7ab60726b19e97f22a","claim":"Sunnova Energy International Inc. incurred loan of $166,000,000 at 5.30% maturing February 20, 2031.","evidence_excerpt":"On February 23, 2024, a wholly owned, indirect subsidiary (the \"Issuer\") of Sunnova Energy International Inc., a Delaware corporation (the \"Company\"), issued $166,000,000 aggregate principal amount of 5.30% Loan Backed Notes, Series 2024-A Class A (the \"Class A Notes\"), $33,900,000 aggregate principal amount of 6.00% Loan Backed Notes, Series 2024-A Class B (the \"Class B Notes\") and $27,100,000 aggregate principal amount of 7.00% Loan Backed Notes, Series 2024-A 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/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$166,000,000"},{"label":"Rate","value":"5.30%"},{"label":"Maturity","value":"February 20, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"67198996d0332485194fb6c9baff6d34f3c95ffb","claim":"Sunnova Energy International Inc. incurred loan of $27,100,000 at 7.00% maturing February 20, 2031.","evidence_excerpt":"On February 23, 2024, a wholly owned, indirect subsidiary (the \"Issuer\") of Sunnova Energy International Inc., a Delaware corporation (the \"Company\"), issued $166,000,000 aggregate principal amount of 5.30% Loan Backed Notes, Series 2024-A Class A (the \"Class A Notes\"), $33,900,000 aggregate principal amount of 6.00% Loan Backed Notes, Series 2024-A Class B (the \"Class B Notes\") and $27,100,000 aggregate principal amount of 7.00% Loan Backed Notes, Series 2024-A 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/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$27,100,000"},{"label":"Rate","value":"7.00%"},{"label":"Maturity","value":"February 20, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ec2744a447361e6fe5b1832cdcf9e6409f50c708","claim":"Sunnova Energy International Inc. incurred loan of $33,900,000 at 6.00% maturing February 20, 2031.","evidence_excerpt":"On February 23, 2024, a wholly owned, indirect subsidiary (the \"Issuer\") of Sunnova Energy International Inc., a Delaware corporation (the \"Company\"), issued $166,000,000 aggregate principal amount of 5.30% Loan Backed Notes, Series 2024-A Class A (the \"Class A Notes\"), $33,900,000 aggregate principal amount of 6.00% Loan Backed Notes, Series 2024-A Class B (the \"Class B Notes\") and $27,100,000 aggregate principal amount of 7.00% Loan Backed Notes, Series 2024-A 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/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$33,900,000"},{"label":"Rate","value":"6.00%"},{"label":"Maturity","value":"February 20, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3d3cf5d7ff","claim":"David Searle changed role as Executive Vice President, General Counsel and Chief Compliance Officer at Sunnova Energy International Inc..","evidence_excerpt":"Mr. David Searle’s title was revised from Executive Vice President, General Counsel to Executive Vice President, General Counsel and Chief Compliance Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"title revised"},{"label":"Role","value":"Executive Vice President, General Counsel and Chief Compliance Officer"}],"fact_type":"executive_change"},{"claim_id":"4af454626b","claim":"Hillstrand departed as other_named_officer at Sunnova Energy International Inc..","evidence_excerpt":"Mr. Hillstrand who is in the process of separating from the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.7,"family_label":"Executive change","details":[{"label":"Action","value":"in the process of separating"}],"fact_type":"executive_change"},{"claim_id":"5ab9023088","claim":"Santo Salvo departed as other_named_officer at Sunnova Energy International Inc..","evidence_excerpt":"Excludes Messrs. Baker and Santo Salvo who are no longer with the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.7,"family_label":"Executive change","details":[{"label":"Action","value":"no longer with the Company"}],"fact_type":"executive_change"},{"claim_id":"79cda8d178","claim":"Baker departed as other_named_officer at Sunnova Energy International Inc..","evidence_excerpt":"Excludes Messrs. Baker and Santo Salvo who are no longer with the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.7,"family_label":"Executive change","details":[{"label":"Action","value":"no longer with the Company"}],"fact_type":"executive_change"},{"claim_id":"7b32576de8","claim":"Paul Mathews changed role as Executive Vice President, Chief Operating Officer at Sunnova Energy International Inc..","evidence_excerpt":"Mr. Paul Mathews’ title was revised from Executive Vice President, Service – Americas and Supply Chain to Executive Vice President, Chief Operating Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772695/000119312524046271/0001193125-24-046271-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"title revised"},{"label":"Role","value":"Executive Vice President, Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}