Sunnova Announces Proposed Private Offering of $400M "Green Bond"
Portfolio Pulse from Benzinga Newsdesk
Sunnova Energy Corporation, a subsidiary of Sunnova Energy International Inc., plans to offer $400 million of green senior notes due 2028 in a private placement. The notes will be senior unsecured obligations of the corporation and will be guaranteed by Sunnova and Sunnova Intermediate Holdings, LLC. The proceeds will be used to finance or refinance eligible green projects.
September 20, 2023 | 11:29 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sunnova Energy International Inc. is planning a private offering of $400 million in green senior notes. This could potentially increase the company's liquidity and enable it to finance more green projects.
The offering of green bonds will increase Sunnova's liquidity, allowing it to finance or refinance eligible green projects. This could potentially enhance the company's reputation and attract environmentally conscious investors, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100