Overview

Steven represents issuers and underwriters in a range of equity and debt offerings, with a significant portion of this work concentrated in the energy and utility industries. He has substantial experience with common stock offerings, hybrid securities, tax-exempt offerings of multi-modal debt, 4(2) private placements and liability management. Steven also regularly advises on matters relating to general securities law compliance and disclosure, the Sarbanes-Oxley Act of 2002, Dodd-Frank and corporate governance.

Experience

Equity:

  • Acted as underwriters’ counsel for common stock offering by Ohio-based utility holding company
  • Acted as company counsel to Farm Credit financial institution in offerings of perpetual preferred stock
  • Acted as underwriters’ counsel for Minnesota-based electric utility holding company in forward-equity issuance
  • Acted as agents’ counsel in establishment of periodic equity programs for utility holding company

Debt:

  • Acted as underwriters’ counsel in numerous private activity bond offerings and remarketings
  • Acted as underwriters’ counsel in debt offering by California-based water utility
  • Acted as company counsel and purchasers’ counsel in 4(2) private placements of debt to financial institutions

Liability Management:

  • Acted as company counsel to restaurant holding company in waterfall tender offer
  • Acted as company counsel to Farm Credit financial institution in Dutch auction tender for subordinated debt
  • Acted as initial purchasers’/dealer-managers’ counsel in 144A offering by Texas-based natural gas distribution company and the subsequent private exchange offer for a series of the company's outstanding debt
  • Acted as dealer manager counsel in first-ever corporate Dutch auction debt-for-debt exchange

Accolades

Honors & Recognitions

  • Recognized as a Leader in Capital Markets: Equity, USA, IFLR1000, 2019, 2024
  • Recommended for Capital Markets – Debt Offerings (2018, 2022-2024), Capital Markets – Equity Offerings (2024), Capital Markets – High-Yield Debt Offerings (2021) and Energy Transactions: Electric Power (2024), Legal 500 United States
  • Recognized as a Leader in Energy: Electricity (Finance), USA-Nationwide, Chambers USA, 2019-2024
  • Recognized as a Leader in Energy: Electricity – Finance, USA, Chambers Global, 2020-2024

Insights

Events & Speaking Engagements

  • March 8-10, 2018
    Event
    Speaker
    Report of the Finance, Mergers & Acquisitions Committee, American Bar Association Section of Infrastructure and Regulated Industries, ABA Spring Meeting

Publications

Blog Posts

News

Education

JD, UCLA School of Law, 2001

BA, Johns Hopkins University, Phi Beta Kappa, 1998

Admissions

New York

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