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Sunnova Announces Closes Offering of $500M of 0.25% Convertible Senior Notes

Sunnova Announces Closes Offering of $500M of 0.25% Convertible Senior Notes Background Image

Vinson & Elkins advised the initial purchasers in connection with Sunnova Energy International Inc.’s offering of $500 million in aggregate principal amount of 0.25% Convertible Senior Notes due 2026, with the option of up to an additional $75 million in aggregate principal amount of 0.25% Convertible Senior Notes due 2026. The offering closed on May 20, 2021. The over-allotment option for the full $75 million was exercised, and the option offering closed on May 24, 2021.

The V&E corporate team was led by partners David Oelman and David Stone, with assistance from counsel Crosby Scofield, senior associate Brett Peace and associates Audrey Bartosh, Nina Bhatia, Andrea Siso and Kathy Phan. Also advising were partner Wendy Salinas and counsel Debra Duncan; partner Matt Dobbins and associate Kevin Moscon; counsel Damien Lyster and associate Ryan Hoeffner; and partner Devika Kornbacher, senior associate Ben Cukerbaum and associate Briana Falcon.

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