Deal Description: On August 10, 2021, Sunnova Energy Corporation (“SEC”), a wholly owned subsidiary of Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) announced the pricing of $400 million aggregate principal amount of green 5.875% Senior Notes due 2026 (the “notes”). The notes will be issued in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. persons outside of the United States in reliance on Regulation S of the Securities Act.
SEC intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, existing or new eligible green projects, and pending such use, SEC will maintain or apply the net proceeds in accordance with its normal liquidity practices.
Baker Botts L.L.P. represented Sunnova in the private offering of the notes.
Baker Botts Lawyers/Offices Involved:
- Corporate: Justin Hoffman (Partner, Houston); Travis Wofford (Partner, Houston); Joshua Davidson (Partner, Houston); Garrett Hughey (Associate, Houston); Parker Hinman (Associate, Houston); Malakeh Hijazi (Associate, Houston); Regan Vicknair (Associate, Houston)
- Finance: Martin Toulouse (Partner, New York); Josh Espinosa (Associate, Dallas)
- Tax: Michael Bresson (Partner, Houston); David Morris (Special Counsel, Palo Alto)
- Advisory: Danny David (Partner, Houston)
For more information, please see Sunnova’s news release regarding the pricing of the private offering of notes by clicking here.
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