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Baker Botts Represents Sunnova Energy International Inc. in Securitization Offering

Release

Deal Description: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, closed the sale of its latest securitization of residential solar assets, comprised of $131,900,000 aggregate principal amount of 2.79% Solar Loan Backed Notes, Series 2022-A Class A Notes, $102,200,000 aggregate principal amount of 3.13% Solar Loan Backed Notes, Series 2022-A Class B Notes and $63,800,000 aggregate principal amount of 3.53% Solar Loan Backed Notes, Series 2022-A Class C Notes.

The company intends to use the proceeds from the sale of the notes to finance or refinance existing or new investments and expenditures related to one or more of the criteria listed in the company’s Green Financing Framework, including to simultaneously repay a portion of one or more currently existing financing arrangements of the company’s subsidiaries and for general corporate purposes.

Baker Botts L.L.P. represented Sunnova in the transaction.

For more information, please see Sunnova’s filing by clicking here.

Baker Botts Lawyers/Office Involved:

Corporate/Finance
Travis Wofford (Partner, Houston); Frank Schoen (Partner, New York); Catherine Baker Ellis (Associate, Houston); Christopher Carreon (Associate, Houston); Francis Mascarenhas (Associate, New York), Thomas Blackwell (Associate, Houston); Chelsea Johnson (Associate, Houston)

TaxMichael Bresson (Partner, Houston); Peter Farrell (Senior Associate, Washington); Snow Xue Rui (Associate, Dallas)

Renewable Energy/RegulatoryEmil Barth (Partner, Washington)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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