Sunnova Energy Raises $400M Via Upsized Institutional Offering Of Green Senior Notes


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


  • Sunnova Energy International Inc (NYSE:NOVA) subsidiary Sunnova Energy Corporation priced $400 million green 5.875% senior notes due 2026 in an upsized private institutional placement.
  • The notes were priced at 98.76% of par. Sunnova initially proposed to offer $350 million notes.
  • The notes will bear interest from Aug. 17, at an annual rate of 5.875%, payable on Mar. 1 and Sep. 1 of each year, beginning on Mar. 1, 2022.
  • Sunnova plans to allocate an amount equal to the offering proceeds, in whole or in part, existing or new eligible green projects, until which it will maintain or apply the proceeds under its regular liquidity practices.
  • Sunnova held $2.6 billion in long-term debt as of Jun. 30.
  • NOVA shares have lost 16.9% year-to-date.
  • Price Action: NOVA shares are up by 0.32% at $37.63 premarket on the last check Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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