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Published on 4/3/2024 in the Prospect News Bank Loan Daily and Prospect News Green Finance Daily.

Sunnova Energy tweaks credit agreement terms in third amendment

Chicago, April 3 – Sunnova Energy International Inc.’s wholly owned subsidiary Sunnova EZ-Own Portfolio, LLC tweaked the terms of its credit agreement in a third amendment on March 28, according to an 8-K filing with the Securities and Exchange Commission.

The changes include amending the advance rate, the excess concentration amount and certain related definitions.

Further, the eligibility criteria for solar loans has been modified.

Atlas Securitized Products Holdings, LP is listed as the administrative agent. The $875 million revolver was last amended on Aug. 2, 2023.

Sunnova is a Houston-based solar energy company.


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