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    Victor Hanna

    Partner

    サンフランシスコ

    Victor works with lenders, borrowers, sponsors and equity investors to structure and investments in renewables and energy transition projects across a range of asset classes.

    He is experienced in both debt and equity financing structures, including bilateral and syndicated facilities, asset- and cash-flow-based facilities, mezzanine, back-leverage, bridge and construction loans, as well as cash and tax equity financings and the formation and structuring of joint ventures.

    Prior to joining Orrick, Victor practiced at top-ranked global law firms where he focused on project finance within the energy and infrastructure sectors. Following law school, he was a research associate at Stanford University’s Steyer-Taylor Center for Energy Policy and Finance, where he conducted an in-depth comparative analysis of the large-scale deployment and integration of renewable energy in Germany, California and Texas, which formed the basis of a broader comparative study published in the Stanford Environmental Law Journal and the textbook, Renewable Energy: Law, Policy and Practice.

    • His recent experience includes advising:

      • Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI”) on various debt and equity investments in portfolios of residential and distributed energy solar assets.
      • Private credit investment manager in the formation and structuring of its preferred equity partnership with a leading alternative investment firm to provide capital for renewable energy projects throughout the United States.
      • HASI in the restructuring of various debt and equity investments and a Section 363 sale in connection with the chapter 11 cases of SunPower Corporation and its affiliated debtors.
      • Tax equity investor in the tax equity financing of, and transfer of investment tax credits generated by, an approximately 100MW solar PV project.
      • Leading investor in sustainable infrastructure assets in the formation and structuring of its structured equity capital partnership with a leading solar finance company.
      • Leading independent power producer in a tax equity financing supporting a portfolio of distributed energy solar projects throughout the United States.
      • Leading investor in sustainable infrastructure assets as lender in approximately $1 billion of mezzanine debt facilities to a residential solar company. The various financings are collateralized by cash flows paid to the sponsor after servicing debt on asset-backed securitizations and privately-placed credit facilities, each backed by a portfolio of residential solar projects, most of which are held through various tax equity funds.
      • Lender and cash equity investor in an approximately $45 million mezzanine loan and an approximately $20 million cash equity investment in a solar company that installs, owns and operates residential solar assets subject to long-term leases and power purchase agreements. The financing involved tax equity and back-leveraged financing.
      • Leading global alternative investment manager in approximately $200 million of mezzanine loans to a residential solar company collateralized by the cash flows paid to the sponsor after servicing debt on an asset-backed securitization backed by a portfolio of residential solar projects held through various tax equity funds.
      • Leading investor in sustainable infrastructure assets as lender in an approximately $125 million financing of a portfolio of renewable natural gas projects located throughout the United States.
      • Renewable energy developer as borrower and its affiliates in connection with the tax equity financing, construction financing and sale of an approximately 100 MW solar PV project.
      • Investor in connection with its cash equity investments in a solar company that installs, owns and operates large portfolios of residential solar assets subject to long-term leases, each with tax equity and front-leveraged financing.
      • Borrower in connection with a $150 million term loan secured by an all-assets lien granted by the borrower and its direct subsidiary as guarantor, including a pledge of the equity interests in their direct subsidiaries which are project companies that (i) own, operate, manage or lease clean energy systems or (ii) finance the development, construction or operation of such systems, some of which hold existing tax equity and senior debt.
      • Solar company as borrower in connection with the back-leverage warehouse financing of a portfolio of residential solar assets held through tax equity funds with various tax equity investors.
      • Lender/investor in connection with a joint venture transaction and an approximately $110.5 million mezzanine and bridge loan secured by the equity interests in 12 residential solar funds, each with existing tax equity and back-leverage debt, and an approximately $80.3 million mezzanine and bridge loan secured by the equity interests in a separate group of residential solar funds, each with existing tax equity and back-leverage debt.
      • Electric vehicle fleet-as-a-service provider in connection with the leasing of electric vehicles to enterprise customers.
      • Lender in connection with the secured financing of approximately 200 MW of safe-harbored solar panels for residential and commercial solar projects.
      • Renewable energy developer in connection with five separate construction, term and tax equity financings for utility-scale solar projects in North Carolina.
      • Leading financial institution in connection with a portfolio project financing and commodity hedging transactions supporting conventional electric generation facilities in the United States.
      • Private equity sponsor in connection with a Term Loan B financing for a portfolio of natural gas-fired electric generation facilities in the PJM and ISO-NE markets.
      • Tax equity investors in numerous utility-scale solar and wind projects totaling over 1 GW.
      • Private equity fund as borrower in connection with its $165 million financing for the acquisition of a company that provides after-market car services in connection with the import of cars.
      • Private equity fund as borrower in connection with its financing for the acquisition of one of the country’s largest label converters that provides labeling and packaging solutions for consumer-packaged goods.

      Victor’s experience includes that prior to joining Orrick.