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Sunnova Energy secures $50M in revolving credit facility
The Fly

Sunnova Energy secures $50M in revolving credit facility

In a regulatory 8-K filing, the company states: "On March 10, 2023, Sunnova Inventory Supply, LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of Sunnova Energy International Inc., entered into a Credit Agreement, by and among the Borrower, each of the subsidiaries of the Borrower from time to time party thereto, the lenders from time to time party thereto, and Texas Capital Bank, as lender, Administrative Agent and letter-of-credit issuer. The Credit Agreement is comprised of a $50 million secured revolving loan credit facility. The scheduled maturity date of the Credit Agreement is the earlier of (a) March 10, 2026 and (b) six months from the latest maturity date of any Material Parent Credit Facility. "

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