Sunnova Energy huddles with adviser on balance sheet

Sunnova carries around US$7.5bil of long-term debt, including nearly US$1bil of notes coming due in 2026, company filings show. — Bloomberg

NEW YORK: Sunnova Energy International Inc is getting advice from Moelis & Co as the solar power company wrestles with upcoming debt maturities, according to people with knowledge of the arrangement, who asked not to be identified discussing a private matter.

Sunnova carries around US$7.5bil of long-term debt, including nearly US$1bil of notes coming due in 2026, company filings show. Its obligations are spread across multiple units and include unsecured bonds, solar asset-backed notes and revolving credit facilities.