Deal description: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today announced the pricing of $500 million aggregate principal amount of 2.625% convertible senior notes due 2028 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Sunnova also granted the initial purchasers of the notes the option to purchase up to an additional $100 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued. The sale of the notes is expected to close on August 19, 2022, subject to customary closing conditions.
Baker Botts represented Sunnova on the transaction.
Sunnova’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Corporate: Travis Wofford (Partner, Houston), Doug Getten (Partner, Houston), Garrett Hughey (Senior Associate, Houston), Parker Hinman (Associate, Houston), Rob Cowan (Associate, Houston), Chelsea Johnson (Associate, Houston), Chandler Block (Associate, Houston)
Finance: Caitlin Lawrence (Special Counsel, Houston)
Tax: Michael Bresson (Partner, Houston), Peter Farrell (Special Counsel, Washington, D.C.)
Advisory: Danny David (Partner, Houston)
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