Sunnova Energy Enters Material Definitive Agreement

TL;DR

Sunnova signed a big deal, expect financial moves.

AI Summary

Sunnova Energy International Inc. entered into a material definitive agreement on June 5, 2024. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Sunnova Energy, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial risks or opportunities that require careful monitoring.

Key Players & Entities

• Sunnova Energy International Inc. (company) — Registrant
• June 5, 2024 (date) — Date of earliest event reported
• June 6, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — nge on Which Registered Common Stock, $0.0001 par value per share NOVA New York S
• $168,900,000.00 — ansactions, SEC allocated to the Lender $168,900,000.00 of the loan guarantee commitment author
• $2,920,433,333.33 — anager and the Guarantor. There remains $2,920,433,333.33 of loan guarantee commitment authority
• $152,010,000 — he "Transactions"). The Issuer issued $152,010,000 aggregate principal amount of 5.63% Sol
• $16,890,000 — 1 Class 1-A (the "Class 1-A Notes") and $16,890,000 aggregate principal amount of 9.50% Sol

Filing Documents

• d844349d8k.htm (8-K) — 37KB
• d844349dex101.htm (EX-10.1) — 768KB
• d844349dex102.htm (EX-10.2) — 355KB
• d844349dex103.htm (EX-10.3) — 771KB
• 0001193125-24-155570.txt ( ) — 2444KB
• nova-20240605.xsd (EX-101.SCH) — 3KB
• nova-20240605_lab.xml (EX-101.LAB) — 18KB
• nova-20240605_pre.xml (EX-101.PRE) — 11KB
• d844349d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits The following materials are filed as exhibits to this Current Report on Form 8-K. Exhibit No. Description 10.1* Loan and Security Agreement, by and among Sunnova Hestia II Lender, LLC, Sunnova Hestia II Borrower, LLC, the United States Department of Energy, as guarantor, and Wilmington Trust, National Association, as agent, dated as of June 5, 2024. 10.2* Guarantee Issuance Agreement, by and among Sunnova Hestia II Lender, LLC, Sunnova Hestia II Borrower, LLC, Sunnova ABS Management, LLC, as servicer and manager, Sunnova Energy Corporation, as sponsor, the United States Department of Energy, as guarantor, and Wilmington Trust, National Association, as agent, dated as of June 5, 2024. 10.3* Indenture, by and between Sunnova Hestia II Issuer, LLC and Wilmington Trust, National Association, as indenture trustee, dated as of June 5, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document). * Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Items 601(a)(5) and 601(b)(10). The Company agrees to furnish a copy of any omitted schedule or exhibit to the SEC upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUNNOVA ENERGY INTERNATIONAL INC. Date: June 6, 2024 By: /s/ David Searle David Searle Executive Vice President, General Counsel and Chief Compliance Officer

View Full Filing

View this 8-K filing on SEC EDGAR