Sunnova Helios IV 2021-B — $212M residential solar+battery loan ABS (6,435 systems, 19 states)
Sunnova's 4th solar loan securitization and 10th overall residential solar securitization, launched alongside its new Green Financing Framework. $106.2M AA- 1.62% notes plus $106.2M A- 2.01% notes (1.82% blended coupon — Sunnova's lowest cost of capital to date). Spreads of 80 bps (AA-) and 120 bps (A-).
$212M
Deal Value
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Securitization
- Seller / Sponsor
- Sunnova Helios IV Issuer LLC
- Buyer / Financier
- Credit Suisse (sole structuring agent / bookrunner); Popular Securities (co-manager)
- Deal Value
- $212M
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Business Wire
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