Madeleine Boshart

M. Madeleine Boshart

Partner

Employee Benefits and Compensation

Broad Compensation and Benefits Expertise

Madeleine specializes in all areas of employee benefits and executive compensation, including tax, ERISA, securities, and state law concerns.
Active Transactional Practice

Madeleine helps companies manage employee benefits changes during and after transactions, including M&As, joint ventures, or spin-offs.

M. Madeleine Boshart is a partner in Wilson Sonsini Goodrich & Rosati's employee benefits and compensation practice, where she specializes in all areas of employee benefits and executive compensation, including tax, ERISA, securities, and state law concerns.

She represents a variety of public and private clients, assisting with a wide range of employee benefit and compensation programs that include tax-qualified retirement plans (401(k), profit sharing, pension, and cash-balance plans), equity programs, executive compensation, severance, health, cafeteria, disability, and other welfare-based arrangements. In addition, Madeleine is actively involved in the firm's transactional practice, working with employers to manage the transition of employees and their benefits during and after a merger, acquisition, joint venture, or spin-off.

Experience

Education

J.D., Tulane Law School, 1997With Honors
B.A., Business, University of HawaiiWith Highest Honors

Associations and Memberships

Member, American Bar Association

Admissions

State Bar of California
State Bar of Texas

Credentials

Education

J.D., Tulane Law School, 1997With Honors
B.A., Business, University of HawaiiWith Highest Honors

Associations and Memberships

Member, American Bar Association

Admissions

State Bar of California
State Bar of Texas

Employee Benefits and Compensation

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 May 17, 2024, Cloudflare announced that the company entered into a credit agreement for a senior secured $400 million revolving loan facility (Revolving Facility) with Citibank. Wilson Sonsini Goodrich & Rosati advised Cloudflare on the transaction. The proceeds of loans under the Revolving Facility may be used for working capital and general corporate purposes.

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Recent Events

WSGR Events

To help our privately held clients' stock administrators, in-house counsel, controllers, human resources personnel, and any others involved in stock plan administration better understand and manage their employee equity programs, we are hosting a webinar that will provide practical tips and materials on sound stock plan administration practices and equity compensation issues. The program will provide an overview of the fundamentals of equity compensation and a more detailed discussion of the legal issues involved in stock administration and compliance. It will focus on private companies ranging from early-stage start-ups to those contemplating public offerings.

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WSGR Events

To help our privately held clients' stock administrators, in-house counsel, controllers, human resources personnel, and any others involved in stock plan administration better understand and manage their employee equity programs, we are hosting a seminar that will provide practical tips and materials on sound stock plan administration practices and equity compensation issues. The program will provide an overview of the fundamentals of equity compensation and a more detailed discussion of the legal issues involved in stock administration and compliance. It will focus on private companies ranging from early-stage start-ups to those contemplating public offerings.

Learn More