Stephen Gianelli

RELEVANT EXPERIENCE

Steve Gianelli practiced as an in-house lawyer for more than 18 years at Putnam Investments in a number of legal roles and most recently as Deputy General Counsel for the investment platform supporting fixed income, equity and derivatives capital markets. Steve has also acted as consulting counsel for other large institutional investment managers advising on equity capital markets, securitization and structured finance. Steve began his legal career as a corporate finance associate at Goodwin Procter LLP.

REPRESENTATIVE MATTERS

Derivatives and OTC Trading Agreements

• Developed an industry leading derivatives and OTC trading program from the ground up, including numerous multi-fund ISDAs with regulated CSA, margin and custody arrangements, swap and futures clearing, repo (including FICC cleared repo), MSFTA, securities lending and prime brokerage arrangements

Securities Offerings/Issuances

• Represented the sponsor for the offering of four CLO transactions totaling approximately $1.4 billion involving the issuance under Rule 144A of secured and subordinated notes collateralized by four separate portfolios of secured loans 
• Represented the sponsor for the offering of four residential mortgage securitization transactions totaling approximately $800 million involving the issuance under Rule 144A of secured and subordinated notes collateralized by four separate portfolios of reverse mortgages secured by residential properties 

 Secured Loans/Structured Finance

• Represented the sponsor of three joint ventures obtaining newly originated and refinanced revolving credit facilities totaling $850 million each secured by a separate portfolio of single-family residential properties 
• Represented the sponsor of a CLO platform obtaining a total of $800 million in pre-pricing warehouse financing facilities for four separate transactions each secured by senior loans 
• Represented the sponsor of a securitization platform obtaining $150 million whole loan repurchase warehouse financing facilities for four separate transactions, secured by reverse mortgages on single family residential properties

Equity Capital Markets/Private Equity

• Represented registered investment funds, private equity funds and hedge funds in numerous debt and fixed income private placement transactions, private equity, PIPE, registered direct and underwritten placements of common stock, convertible debt and exchange transactions involving capital financing, restructuring and public equity M&A