Sunnova Energy International Inc.’s Secondary Common Stock Offering

Baker Botts L.L.P. represented Sunnova in the transaction. Vinson & Elkins LLP advised the underwriters in connection with an underwritten public offering.

Sunnova Energy International Inc. priced its secondary offering of 6,076,890 shares of its common stock by certain of its stockholders, including affiliates of Energy Capital Partners, collectively, the “Selling Stockholders”, at a price to public of $16.50 per share. The underwriters will have a 30-day option to purchase an additional 911,533 shares from certain of the Selling Stockholders.

Sunnova is not offering any shares of its common stock in the Offering and will not receive any proceeds from the sale of shares by the Selling Stockholders in the Offering.

Sunnova is a leading residential solar and energy storage service provider, serving more than 85,000 customers in more than 20 U.S. states and territories. Sunnova’s goal is to be the leading provider of clean, affordable and reliable energy for consumers, and they operate with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted.

Baker Botts team included Travis Wofford (Picture), Josh Davidson, Sarah Dodson, Mitch Athey, Parker Hinman, Malakeh Hijazi, Michael Bresson, Jon Nelsen and Danny David.

Vinson & Elkins advised the following underwriters in connection with an underwritten public offering, J.P. Morgan Securities LL, BofA Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, Roth Capital Partners LLC, KeyBanc Capital Markets Inc., B. Riley FBR Inc., JMP Securities LLC and Raymond James & Associates Inc.

The V&E team was led by partners David Oelman and Ramey Layne and senior associate Crosby Scofield, with assistance from Anne Peetz, Andrianna Frinzi and Houston Morgan, Partner David Cole, Debbie Duncan, Damien Lyster, Melan Patel and Matthew Dobbins.

Involved fees earner: Mitch Athey – Baker Botts; Michael Bresson – Baker Botts; Danny David – Baker Botts; Joshua Davidson – Baker Botts; Sarah Dodson – Baker Botts; Malakeh Hijazi – Baker Botts; Parker Hinman – Baker Botts; Jon Nelsen – Baker Botts; Travis Wofford – Baker Botts; David Cole – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Debra Duncan – Vinson & Elkins LLP; Andrianna Frinzi – Vinson & Elkins LLP; Ramey Layne – Vinson & Elkins LLP; Damien Lyster – Vinson & Elkins LLP; Houston Morgan – Vinson & Elkins LLP; David Palmer Oelman – Vinson & Elkins LLP; Melan Patel – Vinson & Elkins LLP; Anne Peetz – Vinson & Elkins LLP; Crosby Scofield – Vinson & Elkins LLP;

Law Firms: Baker Botts; Vinson & Elkins LLP;

Clients: B. Riley FBR; Bank of America Securities; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; J.P. Morgan Securities LLC; JMP Securities LLC; KeyBanc Capital Markets; Raymond James & Associates, Inc.; Robert W. Baird & Co.; Roth Capital Partners, LLC; Sunnova Energy International Inc;

Author: Ambrogio Visconti