Sunnova Energy Enters Material Definitive Agreement

TL;DR

Sunnova just signed a big deal, filing shows.

AI Summary

On August 22, 2024, Sunnova Energy International Inc. filed an 8-K report detailing a material definitive agreement. The filing indicates an entry into a significant contract, with the earliest event reported on August 20, 2024. The company is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing signals a significant new contract for Sunnova Energy, which could impact its future revenue streams and operational scale.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or opportunities, carrying inherent risks and potential rewards.

Key Players & Entities

• Sunnova Energy International Inc. (company) — Registrant
• August 22, 2024 (date) — Date of Report
• August 20, 2024 (date) — Earliest Event Reported
• Delaware (jurisdiction) — State of Incorporation
• Houston, Texas (location) — Business Address

FAQ

Key Financial Figures

• $0.0001 — ange on Which Registered Common Stock, $0.0001 par value per share NOVA New York Stock

Filing Documents

• nova-20240822.htm (8-K) — 27KB
• exhibit101-teph2ndamendmen.htm (EX-10.1) — 2432KB
• 0001772695-24-000072.txt ( ) — 2904KB
• nova-20240822.xsd (EX-101.SCH) — 2KB
• nova-20240822_lab.xml (EX-101.LAB) — 21KB
• nova-20240822_pre.xml (EX-101.PRE) — 12KB
• nova-20240822_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On August 20, 2024, Sunnova TEP Holdings, LLC (the "TEPH Borrower"), a wholly owned subsidiary of Sunnova Energy International Inc. (the "Company"), entered into that certain Second Amendment to Second Amended and Restated Credit Agreement (the "TEPH Amendment"), which, among other things, amends that certain Second Amended and Restated Credit Agreement, dated as of November 3, 2023 (as previously amended by that certain First Amendment to Second Amended and Restated Credit Agreement, dated as of February 14, 2024, the "TEPH Credit Agreement"), by and among the TEPH Borrower, as borrower, Sunnova TE Management, LLC, as facility administrator, Atlas Securitized Products Holdings, L.P., as administrative agent (the "Administrative Agent"), and the lenders and other financial institutions party thereto. The TEPH Amendment amended the TEPH Credit Agreement to, among other things, modify certain eligibility criteria to allow for energy community, domestic content, and low-income community bonus investment tax credits (together "Approved Bonus Credits"). Domestic content and low-income community bonus credits will continue to require Lender's reasonably satisfactory due diligence and the Administrative Agent's prior consent when including such Approved Bonus Credits in a final true-up calculation or tax return for any subject tax equity fund. The foregoing description of the TEPH Amendment is qualified in its entirety by reference to the full text of the TEPH Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated into this Item 1.01 by reference.

01. Financial Statements and Exhibits

Item 9.01. 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* Second Amendment to Second Amended and Restated Credit Agreement, among Sunnova TEP Holdings, LLC, as borrower, Sunnova TE Management, LLC, as facility administrator, the lenders and funding agents party thereto and Atlas Securitized Products Holdings, L.P., as administrative agent, dated as of August 20, 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 Item 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: August 22, 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