AMERICAS DISTRESS DAILY: Dealers Object to Sunnova Asset Sale

Sunnova Energy is facing pushback from dealers as it struggles to raise cash to keep operating and fund its Chapter 11 filing.

• An ad-hoc group of dealers filed an objection on Monday in which it said a proposed $15 million asset sale of solar systems would strip away their claims and that the company has not had any discussions with traders about the deal’s terms, according to court documents
• Sunnova owes nearly $9 billion in funded debt and only has $13.5 million cash on hand

In Other News:

• EchoStar made emails public Monday that show Chairman Charlie Ergen’s repeated attempts ...