Reported 1 day ago
Oaktree Capital Management has secured approximately $400 million in debt from Sunnova Energy International Inc. as the solar provider prepares for creditor negotiations to restructure its troubled capital framework. Sunnova faces significant challenges with over $8 billion in net debt and declining fortunes due to rising interest rates and reduced state incentives for solar equipment purchases. A merger of creditor groups has initiated confidential talks with the company following its warning about a going concern.
Source: YAHOO