Sunnova Energy Enters Material Definitive Agreement
Ticker: NOVAQ · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1772695
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Sunnova just signed a big financial deal, check the 8-K.
AI Summary
On June 28, 2024, Sunnova Energy International Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed this 8-K report on July 2, 2024, detailing the creation of this obligation.
Why It Matters
This filing indicates Sunnova Energy International Inc. has entered into a significant financial agreement, which could impact its financial obligations and operational capacity.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and the company's overall financial health.
Key Numbers
- 001-38995 — SEC File Number (Identifies the company's filings with the SEC.)
- 241095961 — Film Number (Internal SEC processing number for the filing.)
Key Players & Entities
- Sunnova Energy International Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- July 2, 2024 (date) — Filing date
- June 28, 2024 (date) — Earliest event date
FAQ
What type of material definitive agreement did Sunnova Energy International Inc. enter into?
The filing indicates the entry into a material definitive agreement that resulted in the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on June 28, 2024.
What is Sunnova Energy International Inc.'s principal executive office address?
The principal executive offices are located at 20 East Greenway Plaza, Suite 540, Houston, Texas 77046.
What is Sunnova Energy International Inc.'s state of incorporation?
Sunnova Energy International Inc. is incorporated in Delaware.
What is the filing date of this 8-K report?
This 8-K report was filed on July 2, 2024.
Filing Stats: 1,354 words · 5 min read · ~5 pages · Grade level 12.9 · Accepted 2024-07-02 16:29:54
Key Financial Figures
- $0.0001 — nge on Which Registered Common Stock, $0.0001 par value per share NOVA New York S
- $151,900,000 — y (the "Issuer") of the Company, issued $151,900,000 aggregate principal amount of 6.15% Loa
- $54,400,000 — s 2024-B Class A (the "Class A Notes"), $54,400,000 aggregate principal amount of 7.00% Loa
- $24,600,000 — 024-B Class B (the "Class B Notes") and $24,600,000 aggregate principal amount of 8.00% Loa
Filing Documents
- d862340d8k.htm (8-K) — 33KB
- d862340dex101.htm (EX-10.1) — 1019KB
- 0001193125-24-174354.txt ( ) — 1384KB
- nova-20240628.xsd (EX-101.SCH) — 3KB
- nova-20240628_lab.xml (EX-101.LAB) — 18KB
- nova-20240628_pre.xml (EX-101.PRE) — 11KB
- d862340d8k_htm.xml (XML) — 4KB
Use of Proceeds
Use of Proceeds The Company intends to use the net proceeds from the sale of the Class A Notes, the Class B Notes and the Class C Notes to finance or refinance, in whole or in part, existing or new investments and expenditures by the Company and its subsidiaries, including to simultaneously repay a portion of one or more currently existing financing arrangements of the Company's subsidiaries. Item9.01.
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* Amendment No. 6 to Credit Agreement, by and among Sunnova Asset Portfolio 8, LLC, as Borrower, Sunnova SLA Management, LLC, as Manager and Servicer, Sunnova Asset Portfolio 8 Holdings, LLC, as Seller (Solar Loans) and Seller (Solar Assets), Banco Popular de Puerto Rico, as Agent, the lenders party thereto, the funding agents party thereto, and U.S. Bank National Association, as Custodian, dated as of June 28, 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: July 2, 2024 By: /s/ David Searle David Searle Executive Vice President, General Counsel and Chief Compliance Officer