Stuart Morrissy

Stuart Morrissy

Partner
New York

Email [email protected]​hoganlovells.com

Phone +1 212 918 3037

Fax +1 212 918 3100

Practice groupCorporate & Finance

Focusing his practice on securities law with an emphasis on leveraged finance and high yield transactions, Stuart Morrissy offers corporate, private equity, government agency, and restructuring clients a wide array of capital markets financing options.

Stuart regularly represents major corporate issuers and investment banks in a wide range of debt, equity, and equity-linked offerings, with specific skill in high yield bond financings, including in the context of leveraged acquisition financing transactions involving private equity sponsors.

Stuart also advises investment banks, export credit agencies, multilateral agencies, development finance institutions, and corporate and government clients on capital markets programs involving guarantees, buyer credit insurance policies, political risk insurance policies, and other forms of credit enhancement. He has significant experience in developing new funding sources for the purchase of high-cost manufactured goods, such as aircraft, shipping vessels, and satellites.

Stuart is a recognized leader in structuring and executing liability management transactions involving complicated exchange offers, debt and equity tender offers, and consent solicitations. In recent years, he has played a prominent role in drafting and negotiating no-action letters and other interpretive guidance with the U.S. Securities and Exchange Commission (SEC) staff, investors, and lawyers at other prominent law firms that have changed the way debt tender offers are structured and executed today.

Stuart also advises debtors, creditors, and distressed debt investors on U.S. securities law issues arising in the context of both out-of-court restructurings and in-court restructurings under Chapter 11 of the U.S. Bankruptcy Code, including debt-for-debt and debt-for-equity exchange offers, exchange offers with a backstop pre-packaged Chapter 11 plan of reorganization, consent solicitations, and rights offerings.

Awards and recognitions

2021

Finance: Capital Markets: Debt Offerings
Legal 500 US

2019-2021

Notable Practitioner: Capital Markets: Debt
IFLR1000 United States

2019-2021

Notable Practitioner: Capital Markets: Equity
IFLR1000 United States

2021

Deal of the Year, Local Currency: Azul S.A.'s Convertible Debt Offering
Bonds & Loans Latin America & Caribbean

2020

Deal of the Year, Capital Markets: Azul S.A.'s Convertible Debt Offering
Latin Lawyer

2020

Deal of the Year, Latin America: Azul S.A.'s Convertible Debt Offering
Airfinance Journal

2015

Deal of the Year, Structured Finance and Securitization: Scorpio Tankers/KEXIM-Guaranteed Bond Offering
International Financial Law Review

2014

Deal of the Year, Innovation: Scorpio Tankers/KEXIM-Guaranteed Bond Offering
Marine Money

Education and admissions

Education

J.D., University of Michigan Law School, 2000

B.A., University of Arizona, 1994

Bar admissions and qualifications

New York

Representative experience

Ciena Corp. on its debut US$400m high yield bond offering under Rule 144A/Reg S.

Laboratory Corporation of America Holdings in multiple SEC-registered senior notes offerings aggregating US$2.05bn, and related tender offers and redemptions of existing senior notes.

Papa John's International on its debut US$400m high yield bond offering under Rule 144A/Reg S.

Radius Global Infrastructure on its debut US$264.5m convertible notes offering under Rule 144A/Reg S and concurrent capped call transactions.

RLJ Lodging Trust on its debut US$500m high yield bond offering under Rule 144A/Reg S.

Marvell Technology on a private exchange offer to convertible noteholders of Inphi Corp. for shares of a new holding company in connection with an approximately US$10bn cash-and-stock merger.

One Rock Capital Partners and its portfolio company, GPD Companies (formerly Nexeo Plastics), on a US$85m high yield bond offering under Rule 144A/Reg S to finance the acquisition of Distrupol.

Knighthead Capital Management and Centares Management as anchor investors in Azul S.A.’s Brazilian registered public offering of US$325m guaranteed secured convertible debentures.

FLIR Systems on its SEC-registered US$500m senior notes offering, and approximately US$8bn cash-and-stock merger with Teledyne Technologies Inc.

One Rock Capital Partners on a US$410m high yield bond offering under Rule 144A/Reg S to partially finance its acquisition of Nexeo Plastics, the plastics distribution business of Univar Inc.

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