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.

Key contacts

Gilbert K.S. Liu photo

Gilbert K.S. Liu

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

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Laurence Pettit photo

Laurence Pettit

Partner, New York

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Daniel Michaelson photo

Daniel Michaelson

Partner, New York

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Michael C. Blackmon photo

Michael C. Blackmon

Associate, New York

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Pamela M. Capps photo

Pamela M. Capps

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

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Mariya Khvatskaya photo

Mariya Khvatskaya

Senior Associate, New York

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Marissa J. Holob photo

Marissa J. Holob

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

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Avram J. Cahn photo

Avram J. Cahn

Special Counsel, New York

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Securitization and structured finance Gilbert K.S. Liu Laurence Pettit Daniel Michaelson Michael C. Blackmon Pamela M. Capps Mariya Khvatskaya Marissa J. Holob Avram J. Cahn