News Releases

Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar and Battery Loan Agreements

Release

Deal Description: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced the closing of its fourteenth solar loan securitization and its twentieth residential solar securitization.

The securitization includes $151.9 million in AA-sf rated 6.15% notes, $54.4 million in A-sf rated 7.00% notes, and $24.6 million in BBBsf rated 8.00% notes with an Anticipated Repayment Date of June 20, 2034, and a final maturity of May 22, 2051.

The notes are backed by a diverse portfolio of 5,704 solar rooftop systems distributed across more than 20 states and territories.

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

For more information, please see Sunnova’s 8-K filing by clicking here.

Baker Botts Lawyers/Office Involved:

Corporate/Finance: Travis Wofford (Partner, Houston); Frank X. Schoen (Partner, New York); Jonathan Goldstein (Partner, New York); Caitlin Lawrence (Partner, Houston); Lyman Paden (Senior Counsel, Houston); Thomas Blackwell (Associate, Houston); Ushma Mehta (Associate, Palo Alto); Sarah Dyer (Associate, Houston); Johnathan Walker (Associate, Houston); Shelby Ward (Associate, New York); Cade Luedde (Associate, Houston); Madeline McCune (Associate, Houston); Blake Vick (Associate, Houston)

Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); Michael Kovacich (Associate, Houston)

Renewable Energy/Regulatory: Emil Barth (Partner, Washington)

Advisory: Danny David (Partner, Houston)

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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