Sunnova Energy International Inc.

07/02/2024 | Press release | Distributed by Public on 07/02/2024 14:30

New Financial Obligation Form 8 K

Item 1.01.

Entry into a Material Definitive Agreement.

On June 28, 2024, a wholly owned subsidiary (the "AP8 Borrower") of Sunnova Energy International Inc., a Delaware corporation (the "Company"), entered into that certain Amendment No. 6 to Credit Agreement (the "Amendment No. 6"), which, among other things, further amends that certain Credit Agreement, dated as of September 30, 2020 (as previously amended, the "AP8 Credit Agreement"), by and among the AP8 Borrower, certain other subsidiaries of the Company party thereto, Banco Popular de Puerto Rico, as agent, the lenders from time to time party thereto, the funding agents from time to time party thereto, and U.S. Bank National Association, as custodian.

The Amendment No. 6 amended the AP8 Credit Agreement to, among other things, extend the maturity date from September 25, 2024 to October 1, 2025. As a result of this amendment, (a) no further borrowings are permitted under the AP8 Credit Agreement and (b) no distributions of cash are permitted without the consent of the agent thereunder.

The foregoing description of the Amendment No. 6 is qualified in its entirety by reference to the full text of the Amendment No. 6, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated into this Item 1.01 by reference.