Sunnova's $90M Loan With Release For KKR Gets Judge's OK

By Alex Wittenberg · July 11, 2025, 2:17 PM EDT

A Texas bankruptcy judge agreed Friday to let solar panel company Sunnova Energy International Inc. borrow $90 million in Chapter 11 financing and release pre-bankruptcy lender KKR & Co. from potential...

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Bankruptcy Scorecard

Summary

Houston-based Sunnova filed for Chapter 11 protection, saying high inflation, elevated interest rates and an industry downturn ate away at its working capital. Those struggles caused the firm to fall behind on $367 million in payments to its contractors, which find customers and oversee the installation of Sunnova's solar panel systems at their homes.

Case Number

4:25-bk-90160

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

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