---
schema_version: "secwatch.filing_event.v1"
accession: "0001772695-25-000112"
form_type: "8-K"
ticker: null
cik: "0001772695"
company_name: "Sunnova Energy International Inc."
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T06:38:40.906940+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Sunnova files Chapter 11, secures $90M DIP financing, stalking horse asset sale

## Summary
- Filed Chapter 11 petitions on June 8, 2025 in Southern District of Texas; operates as debtor-in-possession.
- Entered $90M superpriority senior secured DIP credit facility; 12% PIK interest, matures Sept 22, 2025.
- Executed Asset Purchase Agreement with Solaris Assets as stalking horse bidder for $10M cash plus credit bid of DIP obligations.
- Bankruptcy Court approved TEPH Credit Agreement, TEPH Asset Purchase Agreement (June 11) and Solar Power System Purchase Agreement (June 12).
- Sale subject to higher bids in court-supervised auction; company may exit through plan of reorganization.

## SEC filing metadata
- accession: 0001772695-25-000112
- form_type: 8-K
- cik: 0001772695
- company_name: Sunnova Energy International Inc.
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772695/000177269525000112/0001772695-25-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772695/000177269525000112/nova-20250611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001772695-25-000112
- JSON: https://secwatch.observer/filing/0001772695-25-000112.json
- Plain text: https://secwatch.observer/filing/0001772695-25-000112.txt

## Key facts
- Debt Financings
  Sunnova Energy International Inc. incurred credit facility of $90 million with Alter Domus (US) LLC, as administrative agent at 12.00% maturing September 22, 2025.
  - Instrument: credit facility
  - Principal: $90 million
  - Counterparty: Alter Domus (US) LLC, as administrative agent
  - Rate: 12.00%
  - Maturity: September 22, 2025
  - Event: incurrence
  source text: DIP Credit Agreement, the DIP Lenders have agreed, upon the terms and conditions set forth therein, to make available to the DIP Borrower loans (the “DIP Loans”) pursuant to a $90 million senior secured debtor-in-possession term loan credit facility (the “DIP Facility”), which shall consist of: a) $15 million of DIP Loans which shall be funded upon entry of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772695/000177269525000112/0001772695-25-000112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.