- Category
- Defining Matters
- Date
- May 05, 2017
- Title
-
Kramer Levin Expands Into Florida PACE
Kramer Levin represented Natixis Securities Americas as initial purchaser in a 144A offering of asset-backed securities issued by Renew 2017-1, a subsidiary of Renew Financial Group of Oakland, CA. A total of $224 million of notes were issued in the transaction, consisting of $190 million of AA rated notes and $34 million of BBB rated notes. The Notes also received a Green Bond Assessment of GB1 from Moody’s. The securitization was backed by a portfolio of residential PACE assessments on property in California and Florida.
Related People
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Laurence Pettit
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- Partner
- New York
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Daniel Michaelson
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- Partner
- New York
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Barry Herzog
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- Partner
- Chair, Tax
- New York
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