Steven Slutzky

Debevoise & Plimpton LLP 

$ $$$

New York 10022 NY US

Steven J. Slutzky is a corporate partner and Co-Head of the firm’s Capital Markets Group and a member of the firm’s Private Equity Group. His practice focuses on securities offerings and related transactions, and he regularly represents issuers and underwriters in securities transactions including initial public offerings, high-yield debt offerings, secondary equity offerings, debt offerings, tender offers and consent solicitations and private placements.

Mr. Slutzky was named Dealmaker of the Year by The American Lawyer (2014) for his role in advising Verizon Communications Inc. on its $49 billion bond offering, the largest-ever corporate bond issue. Mr. Slutzky is also ranked as a leading capital markets lawyer in Chambers Global(2015–2018), which describes him as “very talented” and “practical,” and in Chambers USA (2015–2018), where clients note that he is “an extremely valuable resource with good instincts” and praise his ability to “understand the big picture, boil it down to key components and explain it in clear terms to non-lawyers” as well as his “high level of expertise” and “good business sense.” He is recognized in IFLR1000 (2018) and The Legal 500 US (2017). He also serves as a director of South Brooklyn Legal Services.

Mr. Slutzky’s recent articles include “Top 10 Practice Tips: Secondary Offerings,” Lexis Practice Advisor (September, 2018).

Mr. Slutzky received his B.S. from Lehigh University in 1988 and his J.D. from New York Law School summa cum laude in 1993, where he was a notes and comments editor of the Law Review.

Experience:

  • Elliott Management in a $450 million equity rights offering of Roadrunner Transportation Systems, resulting in Elliott acquiring 90% of Roadrunner.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a majority interest in American Greetings.
  • Ambac Assurance Corporation, a Wisconsin domiciled insurance company, in a holistic restructuring transaction that involved three exchange offers of existing debt securities and other payment obligations for approximately $2.2 billion of newly-issued debt securities, as well as a new-money financing collateralized by the future proceeds of certain litigation claims against RMBS originators.
  • Syncora Holdings in a reinsurance agreement with Assured Guaranty to reinsure approximately $13.5 billion of financial guaranty policies, representing 91% of Syncora’s outstanding insured exposures.
  • Clayton, Dubilier & Rice and KKR & Co. L.P. as selling shareholders in a series of secondary offerings of approximately $4.5 billion of common stock of US Foods Holding Corp.
  • Verizon Communications in its $3.1 billion acquisition of Straight Path Communications, a leading wireless spectrum holder.
  • Elliott Management in its $540 million redeemable preferred stock investment in Roadrunner Transportation Systems, a leading asset-right transportation and asset-light logistics service provider.
  • Clayton, Dubilier & Rice and Temasek Holdings (Private) Limited as selling shareholders and Univar in the $315.6 million secondary offering of common stock of Univar.
  • Reynolds Group Holdings in the issuance of $2.1 billion senior secured fixed and floating rate notes and $800 million senior notes.
  • Providence Equity Partners and SRA in the merger of SRA with the government services unit of CSC, creating the largest pure-play IT services provider serving the U.S. government sector.
  • Verizon Communications in its $49 billion bond offering, the largest ever corporate bond issue, as well as over $10 billion in additional debt financing to finance, in part, Verizon’s acquisition of Vodafone Group Plc’s 45% indirect ownership interest in Verizon Wireless.
  • Stone Point Capital in a $1.34 billion senior secured term loan facility, $200 million senior secured revolving credit facility and $535 million offering of senior notes in connection with Stone Point’s significant equity investment in Alliant Insurance Services.
  • Univar in its $885 million initial public offering and concurrent private placement of $350 million of shares to Temasek and the additional purchase of 5 million shares of Univar common stock from selling stockholders by Temasek.
  • Clayton, Dubilier & Rice and The Carlyle Group as selling shareholders and HD Supply in the $1.1 billion secondary offering of common stock of HD Supply.
  • HD Supply in its $1.25 billion offering of 5.25% senior secured first priority notes due 2021.
  • NCI Building Systems in its $245 million acquisition of CENTRIA.
  • HD Supply in its $1.1 billion initial public offering of common stock.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • HD Supply in the $4.9 billion refinancing of its existing senior secured credit facilities and senior unsecured notes.
  • Reynolds Group in its $1.25 billion offering of 9.875% senior notes due 2019.
  • Reynolds Group in its $1.5 billion offering of 7.875% senior secured notes due 2019 and $1.0 billion offering of 9.875% senior notes due 2019, in connection with its acquisition of Graham Packaging.
  • UCI International in its $400 million offering of 8.625% senior secured notes due 2019.
  • Reynolds Group in its offering of $1.125 billion and €450 million of senior secured notes relating to its acquisition of the Reynolds Consumer Products group of companies and the Closure Systems International group of companies from affiliated entities.
  • Hertz Global Holdings in its $450 million offering of 5.25% convertible senior notes and $299 million offering of common stock.
  • Reynolds Group in its $1 billion senior notes issuance and a $800 million term loan senior secured financing for the acquisition of the Evergreen businesses and the Whakatane Mill.
  • Verizon Wireless in its $4 billion offering of floating and fixed rate notes due 2011.
  • BWAY Corporation in its $228 million offering of 10% senior subordinated notes to refinance its existing senior subordinated notes.
  • Verizon Communications in the $8.6 billion spin-off and merger of its wireline businesses in 14 states to Frontier Communications Corporation.
  • Verizon Wireless in the private financings on its acquisition of Alltel Corporation, a transaction valued at $28.1 billion.
  • MBIA in a $500 million investment by Warburg Pincus.
  • MBIA in a $1 billion investment by Warburg Pincus and a $1.15 billion public equity offering.
  • MBIA Insurance Corporation in its $1 billion surplus note offering.
  • BWAY in its $150 million initial public offering.
  • Verizon in the $13 billion spin-off of its U.S. print and Internet yellow pages directories business, forming a new public company called Idearc, and Idearc in its $2.85 billion 8% high yield note offering.
  • Hertz Global Holdings in its $1.3 billion initial public offering of common stock.
  • Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity in the $1.8 billion offering of 8.875% senior notes, €225 million offering of 7.875% senior notes and $600 million offering of 10.5% senior subordinated notes relating to the acquisition of The Hertz Corporation
  • Lehman Brothers as lead underwriter in DSW’s July 2005 $307 million initial public offering of Class A common stock and Retail Ventures’ (DSW’s parent) August 2006 offer of mandatory exchangeable notes due 2011, exchangeable for DSW common stock.
  • Banc of America Securities, Lehman Brothers and CIBC World Markets as lead underwriters in the $160 million follow-on offering of common stock by Synagro Technologies.
  • JP Morgan Securities and Merrill Lynch as lead underwriters in Ventas Realty, Limited Partnership’s two $175 million offerings of 6.75% senior notes due 2010 and 7.5% senior notes due 2015.

Education:

  • New York Law School, 1993, J.D.
  • Lehigh University, 1988, B.S.

Bar Admissions:

  • New York

Cost

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New York 10022 NY US
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