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Stephen Howard is counsel in White & Case's Asia Banking, Capital Markets & Restructuring practice based in Hong Kong. Stephen joined our Hong Kong team from our London office in 2016, bringing with him an extensive track record from our London practice and on cross-border financings from having worked with our EMEA and New York offices for many years.
Stephen has experience across a broad range of issues in international acquisition and leveraged finance, with particular emphasis on bank finance transactions, direct lending, and combined bank/bond structures. Stephen works closely with the Firm's capital markets group with a focus on high yield financing transactions. He has significant experience advising banks, alternative finance and capital providers, private equity houses, and corporate borrowers.
Stephen's experience also includes secondments to the senior execution legal desks for the London-based leveraged finance teams to both Deutsche Bank (2009-2010) and Nomura International (2013-2014).
Advised Bank of China Limited, Macau Branch as lender and agent in respect of a HK$234 million super-senior revolving credit financing and Deutsche Bank as sole global coordinator and left lead bookrunner for US$1.2 billion dual-tranche senior secured notes, and Bank of China Limited, Macau Branch as senior secured creditor and agent with respect to the collateral and intercreditor arrangements in connection with the refinancing of Studio City Company's existing indebtedness. At the time of closing, the transaction was the largest high-yield corporate bond issuance in Asia for 2016 and is one of the first transactions in the Asian market comprising a pari passu bank/bond platform with super-senior credit facilities.
Advised GSO Capital Partners as direct lender on the US$205 million cross border Senior Credit Agreement for Audax Management’s refinancing of Luminator Technology Group, the Texan-headquartered multinational manufacturer of tech products for the aerospace, rail and bus markets.
Advised Société Générale as coordinator, bookrunner, mandated lead arranger, bookrunner and agent on the €325 million Senior Facilities Agreement for the post-IPO refinancing of Maison du Monde SA, a European leader in affordable and inspirational homeware and furniture.
Advised Japanese investment banking and securities firm Mizuho Securities as financial adviser to SoftBank Group Corp. (SoftBank) on its landmark acquisition for approximately £24.3 billion of ARM Holdings plc (ARM). UK-based ARM is the world's leading Semiconductor intellectual property supplier. Its technology is embedded in more than 95 percent of smart phones and more than 30 percent of all chips with processors sold worldwide during 2015. Japan's SoftBank is one of the leading operators and investors in the global technology, internet and wireless sectors. Its operating businesses consist of market leading companies in the advanced telecommunications and consumer internet sectors, including SoftBank Telecom, Sprint Corporation and Yahoo! Japan.
Advised various finance providers to under bidders on Asian and European assets, including structures comprising: senior and mezzanine finance; senior TLB finance; and cross-border dual-currency finance.