Sunnova Wins Court Approval for Strategic Sale Transactions

Sunnova Energy International has received court approval for a series of strategic transactions to support its ongoing Chapter 11 restructuring.

• The court authorized Sunnova to enter a $90m debtor-in-possession financing agreement with corporate bondholders, enabling access to $15m immediately
  • This financing will enable the company to continue core operations in the ordinary course
• Received court approval on asset sale agreements with ATLAS SP Partners and Lennar Homes
  • Lennar Homes will acquire New Homes-related assets from Sunnova for $16m, with proceeds aiding the company’s Chapter 11 process
  • The court approved a transaction with ATLAS SP Partners and warehouse lenders, providing additional ...