Sunnova Energy International Inc.: debt financing — Sunnova subsidiary issues $295.8M solar asset-backed notes at 6.28% and 8.65%

Sunnova Energy International Inc.

SOL IX Issuer issued $282.3M Class A notes at 6.28% and $13.5M Class B notes at 8.65%.
Notes secured by solar assets through membership interests and renewable energy credits; rated A- (sf) and BBB- (sf) by Kroll.
Proceeds to repay existing financings, fund expenses, and finance solar energy and storage investments.
Anticipated repayment date January 2033; notes have customary events of default and amortization events.
Issuer is a wholly owned indirect subsidiary of Sunnova Energy International (NOVA).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sunnova Energy International Inc. incurred debt of $282,300,000 6.28% Solar Asset Backed Notes, Series 2025-P1, Class A and $13,500,000 8.65% Solar Asset Backed Notes, Ser with Wilmington Trust, National Association at 6.28% and 8.65% maturing January 2033.

Principal: $282,300,000 6.28% Solar Asset Backed Notes, Series 2025-P1, Class A and $13,500,000 8.65% Solar Asset Backed Notes, Ser
Counterparty: Wilmington Trust, National Association
Rate: 6.28% and 8.65%
Maturity: January 2033
Event: incurrence

Exact text from the filing

issued $282,300,000 6.28% Solar Asset Backed Notes, Series 2025-P1, Class A (the “Class A Notes”) and $13,500,000 8.65% Solar Asset Backed Notes, Series 2025-P1, Class B

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Source: SEC EDGAR

accession 0001772695-25-000011

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