Herbert Smith Freehills Kramer closes C&I and community solar asset securitization transaction

Herbert Smith Freehills Kramer represented the sole structuring agent, joint bookrunners and co-managers in a $150.5 million securitization of a portfolio of community solar, community distributed generation, commercial & industrial and utility offtake solar assets. The securities were rated by Kroll Bond Rating Agency, LLC. The transaction closed on June 26, 2025.

The HSF Kramer team consisted of Securitization and structured finance partners Gilbert K.S. Liu, Laurence Pettit and Daniel Michaelson, associates Anne-Sophie Tome, Michael Blackmon and Vivian Y. Zhang, and law clerk Luis Encinas; Tax partner Pamela M. Capps and associate Mariya Khvatskaya; and Executive compensation and incentives partner Marissa J. Holob and special counsel Avram J. Cahn.