debt
confidence high
sentiment negative
materiality 0.85
Sunnova defers $23.5M interest payment, appoints interim CFO amid debt restructuring talks
Sunnova Energy International Inc.
- Appointed Robyn Liska as Interim CFO effective March 31, 2025, replacing Eric Williams who stepped down March 30.
- Liska receives $475K annual base salary, $200K discretionary success bonus, and 6-month housing/vehicle.
- Deferring ~$23.5M interest payment due April 1, 2025 on 11.75% Senior Notes due 2028; entered 30-day grace period.
- Engaged in stakeholder discussions to reduce debt and strengthen financial flexibility; retained Kirkland & Ellis, A&M, J.P. Morgan, Moelis as advisors.
- Also promoted Alisha Leveston to EVP Operations; earlier announced $70M cost reduction program.