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)
Tax: Michael Bresson (Partner, Houston); Peter Farrell (Senior Associate, Washington); Snow Xue Rui (Associate, Dallas)
Renewable Energy/Regulatory: Emil Barth (Partner, Washington)
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