Baker Botts Securitizes Residential Solar and Battery Loan Agreements for Sunnova Energy International Inc
Deal Description: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. home solar and energy storage service provider, closed its ninth solar loan securitization and its sixteenth residential solar securitization today.
Travis J. Wofford, Partner
The securitization includes $174.9 million in AA-sf/AA- (sf) 5.30% notes, $80.1 million in A-sf/A- (sf) 5.60% notes, and $31.7 million in BBBsf/BBB (sf) 6.00% notes with an Anticipated Repayment Date of May 22, 2028 and a final maturity of May 20, 2050.
The notes are backed by 10,519 solar rooftop systems in 28 states and territories.
Baker Botts L.L.P. represented Sunnova in the transaction.
For further details, check Sunnova’s 8-K filing by clicking here.
Frank X. Schoen, Partner
Baker Botts Lawyers/Office Involved:
Corporate/Finance: Travis Wofford (Partner, Houston); Frank Schoen (Partner, New York); Jonathan Goldstein (Partner, New York); Thomas Blackwell (Associate, Houston); Chelsea Johnson (Associate, Houston); Luis Pacheco Garcia (Associate, Houston); Johnathan Walker (Associate, Houston); Erica Hudson (Law Clerk, New York); Eleana Kartali (Law Clerk, New York)
Tax: Michael Bresson (Partner, Houston); Peter Farrell (Special Counsel, Washington); Chuck Campbell (Special Counsel, Houston)
ERISA: Gail Stewart (Partner, Houston); Gabriela Alvarez (Senior Associate, Houston)
Renewable Energy/Regulatory: Emil Barth (Partner, Washington)
Advisory: Danny David (Partner, Houston)
Jonathan C. Goldstein, Partner
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For detailed information, as well as the picture copyright, please see the law firm’s original article here: Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar and Battery Loan Agreements.