Kramer Levin represented the sole structuring agent, joint bookrunners and co-managers in connection with a $498.5 million securitization of solar retail installment contracts. This was the first AAA rated solar deal not backed by a U.S. government guarantee and the largest securitization of solar retail installment contracts to date. The notes were rated by Fitch Ratings, Inc. and Kroll Bond Rating Agency, LLC. The transaction closed on Nov. 12, 2024.

Key contacts

Gilbert K.S. Liu photo

Gilbert K.S. Liu

Managing Partner, Finance and Restructuring, US and Head of Securitization, US, New York

Nicole R. Alexa photo

Nicole R. Alexa

Senior Attorney, New York

Pamela M. Capps photo

Pamela M. Capps

Partner, Head of State and Local Tax, US, New York

Mariya Khvatskaya photo

Mariya Khvatskaya

Senior Associate, New York

Marissa J. Holob photo

Marissa J. Holob

Partner, Head of Executive Compensation and Employee Benefits, US, New York

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New York Silicon Valley Washington, DC Securitization and structured finance Corporate Gilbert K.S. Liu Daniel Michaelson Nicole R. Alexa Alyssa Canter Pamela M. Capps Mariya Khvatskaya Marissa J. Holob