Sunnova Energy International Inc.
10/04/2024 | Press release | Distributed by Public on 10/04/2024 14:19
Termination of Material Agreement Form 8 K
Item 1.02. Termination of a Material Definitive Agreement.
On October 1, 2024, the previously disclosed Credit Agreement, dated as of September 5, 2023 (the "AP9 Facility"), by and among Sunnova Asset Portfolio 9, LLC, as the borrower (the "Borrower"), Sunnova SLA Management, LLC, as the servicer, Sunnova Asset Portfolio 9 Holdings, LLC, as the seller, the lenders from time to time party thereto, the funding agents from time to time party thereto, Citibank, N.A., as administrative agent for the lenders, U.S. Bank Trust Company, National Association, as paying agent, and U.S. Bank, National Association, as custodian and securities intermediary, was voluntarily terminated by the Borrower. The AP9 Facility contemplated the financing of home improvement loans and related home improvement assets acquired by the Borrower with an aggregate commitment amount of $65,000,000.
At the time of termination, no loans were outstanding under the AP9 Facility. Upon termination, all outstanding obligations under the AP9 Facility in an aggregate amount of $47,257.47 of accrued fees and expenses were paid in full and all hedging agreements permitted by the AP9 Facility were settled.