debt
confidence high
sentiment negative
materiality 0.75
Sunnova extends noteholder forbearance period to May 29 amid interest payment default
Sunnova Energy International Inc.
- Deferred $23.5M interest payment on 11.750% Notes due Apr 1, 2025; grace period expired May 1.
- Forbearance agreement extended to May 29; holders agreed not to exercise acceleration or remedies.
- Default on 11.750% Notes triggers cross-default on 5.875% Notes due 2026.
- This is fourth extension of forbearance since May 2, indicating ongoing liquidity negotiation.
item 1.01