- Category
- Announcements
- Date
- Sept. 23, 2016
- Title
-
Kramer Levin Completes New Securitization for Renovate America’s HERO Program
Kramer Levin represented HERO Funding 2016-3, as issuer, and Renovate America Inc., as the transaction sponsor, in the issuance of $320.2 million of asset-backed notes. The notes are backed by a pool of limited obligation improvement bonds issued by Western Riverside Council of Governments, San Bernardino Associated Governments and Los Angeles County. These bonds are issued in connection with property-assessed clean energy (PACE) programs that are managed by Renovate America under the “HERO” (home energy renovation opportunity) brand. This is the eighth securitization to be completed under the HERO program and is the largest PACE ABS offering to be made so far.
The Kramer Levin team included Corporate partner Laurence Pettit, associates Daniel H. Michaelson and Joel Pietrzak, and Tax partner Barry Herzog and associate Deborah Taeid.
Related People
-
-
Barry Herzog
-
- Partner
- Chair, Tax
- New York
- vcard
-
-
-
Daniel Michaelson
-
- Partner
- New York
- vcard
-
-
-
Laurence Pettit
-
- Partner
- New York
- vcard
-
