Sunnova extends forbearance on $23.5M interest payment default; new deadline June 2, 2025

Sunnova Energy International Inc.

Deferred ~$23.5M interest on 11.750% Senior Notes due April 1, 2025, triggering Event of Default.
Forbearance Agreement extended to June 2, 2025; prior extensions covered May 2-29 periods.
Supporting holders (beneficial holders of Notes) agreed not to accelerate during forbearance.
Cross-default risk to 5.875% Senior Notes due 2026 if forbearance fails.
Company continues to pursue liability management and liquidity solutions.

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