By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Sunnova Energy International Inc. completed an issuance of $155.8 million of solar loan-backed notes on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
Sunnova issued $68.4 million of 2.03% solar loan-backed notes, series 2021-C class A (Kroll: AA-); $55.9 million of 2.33% solar loan-backed notes, series 2021-C class B (Kroll: A-); and $31.5 million of 2.63% solar loan-backed notes, series 2021-C class C (Kroll: BBB-).
Sunnova is a Houston-based solar energy company.
| Issuer: | Sunnova Energy International Inc.
|
| Issue: | Solar loan-backed notes
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| Amount: | $155.8 million
|
| Issue date: | Oct. 26
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| Distribution: | Rule 144A and Regulation S
|
|
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| Series 2021-C class A
|
| Amount: | $68.4 million
|
| Coupon: | 2.03%
|
| Rating: | Kroll: AA-
|
|
|
| Series 2021-C class B
|
| Amount: | $55.9 million
|
| Coupon: | 2.33%
|
| Rating: | Kroll: A-
|
|
|
| Series 2021-C class C
|
| Amount: | $31.5 million
|
| Coupon: | 2.63%
|
| Rating: | Kroll: BBB-
|
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