Bob Hemm

Bob Hemm

Senior Counsel

Energy and Climate Solutions

Bob Hemm is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s energy and climate solutions practice.

Bob has more than 10 years of experience handling a wide range of complex commercial lending and structured finance transactions, including tax equity investments, trade finance, derivatives, royalty monetizations, and asset-based securitization and repo transactions. He partners with clients ranging from large corporations and financial institutions to start-up companies, working with them to develop tailored financial structures and solutions to meet their specific goals and to address the corresponding array of legal and technical challenges that may arise.

In addition, Bob has extensive experience representing debtors, creditors, and other interested parties in a variety of bankruptcy and restructuring matters. He is also dedicated to pro bono service, and has devoted significant time to appellate litigation in asylum matters.

Prior to joining the firm, Bob was an associate at Covington & Burling LLP.

Experience

Bob Hemm is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s energy and climate solutions practice.

Prior to joining the firm, Bob was an associate at Covington & Burling LLP.

Education

J.D., Yale Law School, 2008Coker Fellow; Technology Editor, The Yale Journal of International Law
B.A., Williams College, 2005Magna Cum Laude, With Honors in Philosophy, Phi Beta Kappa

Admissions

State Bar of Massachusetts
State Bar of New York

Credentials

Education

J.D., Yale Law School, 2008Coker Fellow; Technology Editor, The Yale Journal of International Law
B.A., Williams College, 2005Magna Cum Laude, With Honors in Philosophy, Phi Beta Kappa

Admissions

State Bar of Massachusetts
State Bar of New York

Representative Matters

Representation of Sunrun, Inc. in connection with multiple asset-based securitizations totaling over $1 billion in secured notes supported by residential solar leases and power purchase agreements
Representation of Sunrun, Inc. in connection with $1.8 billion warehouse credit facility
Representation of Rabobank in connection with several purchase facilities involving high-grade trade receivables
Representation of earned wage access company in connection with secured revolving credit facility
Representation of Rabobank in connection with $500 million repurchase facility involving agricultural loans
Representation of major international bank in connection with $90 million receivables-backed repurchase facility
Representation of solar developer acting as member of unsecured creditor committee in SunEdison bankruptcy case
Representation of Clear Channel Outdoor Holdings in its separation and spin-off from iHeart Media arising as part of the reorganization plan in iHeart's Chapter 11 case

Matters

Representative Matters

Representation of Sunrun, Inc. in connection with multiple asset-based securitizations totaling over $1 billion in secured notes supported by residential solar leases and power purchase agreements
Representation of Sunrun, Inc. in connection with $1.8 billion warehouse credit facility
Representation of Rabobank in connection with several purchase facilities involving high-grade trade receivables
Representation of earned wage access company in connection with secured revolving credit facility
Representation of Rabobank in connection with $500 million repurchase facility involving agricultural loans
Representation of major international bank in connection with $90 million receivables-backed repurchase facility
Representation of solar developer acting as member of unsecured creditor committee in SunEdison bankruptcy case
Representation of Clear Channel Outdoor Holdings in its separation and spin-off from iHeart Media arising as part of the reorganization plan in iHeart's Chapter 11 case

Select Publications

Co-author, "The Securitization of Portfolios of Distributed Generation Assets," Distributed Generation Law: A Guide to Regulations, Policies, and Programs, American Bar Association, 2020

Insights

Select Publications

Co-author, "The Securitization of Portfolios of Distributed Generation Assets," Distributed Generation Law: A Guide to Regulations, Policies, and Programs, American Bar Association, 2020

Recent Insights

Client Highlights

On June 11, 2024, Sunrun, the nation’s leading home solar, battery storage, and energy services company, completed its latest asset-backed securitization of solar leases and power purchase agreements. The securitization consists of $886.3 million in A+ rated Class A-1 and Class A-2 notes and $91.2 million in BB rated Class B notes, for an aggregate $977.5 million initial balance. The notes are secured by two tax equity funds of rooftop solar and energy storage systems distributed across various states and utility service territories. ATLAS SP Securities, a division of Apollo Global Securities, LLC, acted as structuring agent and served as joint bookrunner along with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., and RBC Capital Markets, LLC as co-managers and initial purchasers for the securitization, and SMBC Nikko Securities America, Inc. as an initial purchaser. The $443.15 million Class A-1 notes were publicly marketed and the $443.15 million Class A-2 notes were privately placed. At closing, the asset-backed securitization was both the largest ever in Sunrun’s history and across the entire residential solar industry. Combined with a $230 million asset-backed securitization of solar leases and power purchase agreements closed in April 2024, the Class A-1 and Class A-2 notes collectively represent over $1 billion of senior debt financing raised by Sunrun in the second fiscal quarter of 2024.

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Client Highlights

On September 26, 2023, Sunrun, the nation’s leading home solar, battery storage, and energy services company, completed its latest asset-backed securitization of solar leases and power purchase agreements. The securitization consists of $715 million in A- rated Class A-1 and Class A-2 notes and $80 million in BB+ rated Class B notes for an aggregate $795 million initial balance. The notes are secured by tax-equity and wholly-owned funds of rooftop solar and energy storage systems distributed across various states and utility service territories. Deutsche Bank acted as the sole structuring agent and served as joint bookrunner along with ATLAS SP Securities, BofA Securities, and MUFG Securities Americas, with Credit Agricole Securities, Citigroup Global Markets, ING Financial Markets, J.P. Morgan Securities LLC, SG Americas Securities, TD Securities, and Truist Securities as co-managers for the securitization. The $440 million Class A-1 notes were publicly marketed and the $275 million Class A-2 notes were privately placed. At closing, the asset-backed securitization was both the largest ever in Sunrun’s history and across the entire residential solar industry. Combined with a senior portfolio term-out financing closed in July 2023, the Class A-1 and Class A-2 notes collectively represent over $1 billion of senior term debt financing raised by Sunrun in the third fiscal quarter of 2023.

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