Sunnova Energy International’s Securitization of Residential Solar and Battery Loan Agreements

Baker Botts advised Sunnova Energy International on the deal. Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced the pricing of its fourth solar loan securitization and its tenth residential solar securitization. The securitization includes $106.2 million in AA- (sf) rated 1.62% notes and $106.2 million in A- (sf) rated 2.01% notes with an Anticipated Repayment Date of July 20, 2028 and a final maturity of July 20, 2048. The notes are backed by a diverse portfolio of 6,435 solar rooftop systems distributed across 19 states and territories. The transaction is expected to close by July 28, 2021, subject to customary closing conditions. The Baker Botts team included: Travis Wofford (Partner, Houston, Picture), Martin Toulouse (Partner, New York), Josh Espinosa (Associate, Dallas), Catherine Ellis (Associate, Houston), Malakeh Hijazi (Associate, Houston), Daniel Jung (Associate, Houston), Christopher Carreon (Associate, Houston), Michael Bresson (Partner, Houston); David Morris (Special Counsel, Palo Alto); Snow Xue Rui (Associate, Dallas), Krisa Benskin (Special Counsel, Houston), Emil Barth (Partner, Washington), Emanuel Grillo (Partner, New York); Danny David (Partner, Houston). Involved fees earner: Emil Barth - Baker Botts LLP; Krisa Benskin - Baker Botts LLP; Michael Bresson - Baker Botts LLP; Danny David - Baker Botts LLP; Josh Espinosa - Baker Botts LLP; Emanuel Grillo - Baker Botts LLP; Malakeh Hijazi - Baker Botts LLP; Daniel Jung - Baker Botts LLP; David Morris - Baker Botts LLP; Martin Toulouse - Baker Botts LLP; Travis Wofford - Baker Botts LLP; Snow Xue Rui - Baker Botts LLP; Law Firms: Baker Botts LLP; Clients: Sunnova Energy International Inc;
Martina Bellini
Tagged:

Baker Botts advised Sunnova Energy International on the deal. Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider,…

This content is for Standard 1 Year members only.
Login Join Now
Martina Bellini

Author: Martina Bellini

…

This content is for Standard 1 Year members only.
Login Join Now