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June 12, 2018

Kramer Levin Closes Solar Securitization Transactions

Kramer Levin represented (i) the co-structuring agents, joint bookrunners and co-managers, in connection with a $466 million capital markets securitization of cash flows generated by managing member membership interests in project companies that own portfolios of solar projects, leases and power purchase agreements in a partnership flip tax equity structure, and (ii) the committed lender, in connection with a $345 million term securitization credit facility, secured by cash flows generated by managing member membership interests in project companies and lessees that own portfolios of solar projects, leases and power purchase agreements, in partnership flip or inverted lease tax equity structures. The two transactions closed simultaneously.

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