1. Home
  2. People
  3. Hanna, Victor

Victor Hanna

Partner

San Francisco

Victor works with lenders, borrowers, sponsors and equity investors to finance and develop renewable energy projects.

He is well-versed 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 equity and tax equity financings.

Prior to joining Orrick, Victor practiced at various 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.

    • Lender in an approximately $212 million mezzanine loan to a 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 a tax equity fund.
    • Lender/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 a large portfolio of residential solar assets subject to long-term leases and power purchase agreements, with tax equity and back-leveraged financing.
    • 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 (subject to a commitment increase in the sole discretion of the lenders) secured by an all-assets lien granted by the borrower and its direct subsidiary as guarantor, including a pledge of the equity interests in the direct subsidiaries of such borrower and guarantor, which subsidiaries 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.
    • Lender in a $120 million mezzanine loan to a solar company collateralized by the cash flows paid to the sponsor after servicing debt on an asset-backed securitization backed by several portfolios of residential solar projects, most of which are 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.
    • Lender in connection with the secured financing of approximately 200 MW of safe-harbored solar panels for residential and commercial projects.
    • Renewable energy developer in connection with the 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.
    • Various 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.