Sunnova Announces Launch of Initial Public Offering
12 Juli 2019 - 12:05PM
Business Wire
Sunnova Energy International Inc. (“Sunnova”) today announced
that it has launched the initial public offering of 17,647,059
shares of its common stock. The underwriters will have a 30-day
option to purchase an additional 2,647,059 shares from Sunnova at
the initial public offering price, less underwriting discounts and
commissions. The initial public offering price is expected to be
between $16.00 and $18.00 per share. The shares have been approved
for listing on the New York Stock Exchange under the ticker symbol
"NOVA."
BofA Merrill Lynch, J.P. Morgan and Goldman Sachs & Co. LLC
are acting as joint book-running managers for the offering. Credit
Suisse is also acting as a joint book-running manager. KeyBanc
Capital Markets, Baird and Roth Capital Partners are acting as
co-managers.
The offering will be made only by means of a prospectus meeting
the requirements of Section 10 of the Securities Act. Copies of the
preliminary prospectus relating to this offering, when available,
may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North
College Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department, Email: dg.prospectus_requests@baml.com; J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus
Department, Telephone: 866-803-9204; Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282,
Telephone: 1-866-471-2526, Facsimile: 212-902-9316, Email:
Prospectus-ny@ny.email.gs.com; or Credit Suisse Securities (USA)
LLC, Attn: Prospectus Department, Eleven Madison Avenue, 3rd floor,
New York, NY 10010, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
When available, to obtain a copy of the prospectus free of
charge, visit the SEC’s website, www.sec.gov, and search under the
registrant’s name, “Sunnova Energy International Inc.”
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
ABOUT SUNNOVA
Sunnova is a leading residential solar and energy storage
service provider, serving more than 63,000 customers in more than
20 U.S. states and territories. Our goal is to be a leading
provider of clean, affordable and reliable energy for consumers,
and we operate with a simple mission: to power energy
independence.
FORWARD LOOKING STATEMENTS
The information in this press release includes forward-looking
statements within the meaning of the federal securities laws. These
statements generally relate to future events or our future
financial or operating performance. Actual outcomes and results may
differ materially from what is expressed or forecast in such
forward-looking statements. In some cases, you can identify these
statements because they contain words such as "expect," “if,”
“will” and “may” or the negative of these words or similar terms or
expressions that concern our expectations, strategy plans or
intentions. Forward-looking statements are based on management’s
current expectations and assumptions, and are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, actual results could differ
materially from those indicated in these forward-looking
statements. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements in Sunnova’s prospectus. Sunnova undertakes no
obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this
press release. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190712005064/en/
MEDIA Kelsey Smith Sunnova Energy International Inc.
Kelsey.smith@sunnova.com
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