Stefan L. Tsourovakas

Biography

Stefan Tsourovakas
Stefan Tsourovakas is an associate in Weil’s Capital Markets practice and is based in New York. Stefan participates in advising issuers and underwriters in public and private issuances of securities. His work includes initial public offerings as well as investment grade and high yield debt offerings.

Stefan has been part of the teams advising:

  • Deutsche Bank Securities and another financial institution, as lead dealer managers, in aggregate $10 billion offers by Microsoft Corporation to exchange certain series of investment grade notes for new notes plus a cash payment, to refinance existing indebtedness.
  • Morgan Stanley and the other managers in a $6.25 billion Rule 144A private offering of senior unsecured notes by Nutrition & Biosciences, Inc. (N&B) to finance in part its merger with International Flavors & Fragrances Inc., following N&B's spin-off by DuPont.
  • Sanofi in its approximately $6.7 billion sale of a portion of its stake in Regeneron Pharmaceuticals, Inc. and related approximately $5.0 billion share repurchase by Regeneron.
  • Morgan Stanley and another financial institution, as representatives of the underwriters, in a $1.5 billion offering of 16.9 million shares of common stock of Royal Caribbean Cruises Ltd.
  • Advent International and Thomas H. Lee Partners, as selling shareholders, in a $418 million underwritten secondary public offering via block trade of 7 million shares in Syneos Health, Inc., 506,244 shares of which were repurchased by the issuer; a $371 million underwritten secondary public offering via block trade of 6 million shares in Syneos Health, Inc.; a $648 million underwritten secondary public offering via block trade of 8.65 million shares in Syneos Health, Inc., 600,000 shares of which were repurchased by the issuer; and $667 million underwritten secondary public offering via block trade of 8.2 million shares in Syneos Health, Inc., 400,000 shares of which were repurchased by Syneos.
  • Fortress Value Acquisition Corp. IV, a SPAC sponsored by Fortress Investment Group, in its $600 million initial public offering.
  • Fortress Capital Acquisition Corp., a SPAC sponsored by Fortress Capital Acquisition Sponsor LLC, in its $400 million initial public offering.
  • Fortress Value Acquisition Corp., a SPAC sponsored by Fortress Investment Group, in its $345 million initial public offering.
  • Fortress Value Acquisition Corp. III, a SPAC sponsored by Fortress Investment Group, in its $230 million initial public offering.
  • Deep Lake Capital Acquisition Corp., a SPAC sponsored by Deep Lake Capital Sponsor LP, in its $207 million initial public offering.
  • J.P. Morgan Securities, Morgan Stanley, another major financial institution and the other managers in a $9.7 billion tender offer for certain notes issued by General Electric Company and certain of its subsidiaries.
  • Fidelity National Financial, Inc. (FNF) in a $650 million senior notes offering to repay, primarily, debt incurred in connection with an acquisition.
  • Ceridian HCM Holding Inc. and Thomas H. Lee Partners, L.P. and David D. Ossip, chairman and CEO of Ceridian, as selling stockholders, in a $557 million underwritten secondary offering via a block trade.
  • Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. (THL) and Cannae Holdings, Inc.) and THL, as a selling shareholder, in a $466 million Rule 144A sale of 6.3 million shares of Ceridian common stock.
  • Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. (THL) and Cannae Holdings, LLC), and, as selling shareholders, THL and David D. Ossip, chairman and CEO of Ceridian, in a $463 million Rule 144A sale of 5.7 million shares of Ceridian common stock.
  • Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. and Cannae Holdings, Inc. (Cannae)) and Cannae Holdings, LLC (a wholly owned subsidiary of Cannae), as a selling shareholder, in a $284 million Rule 144A sale of 3.9 million shares of Ceridian common stock.
  • Morgan Stanley and Credit Suisse in a $7.5 billion committed bridge financing to support the merger of  International Flavors & Fragrances Inc. with the Nutrition & Biosciences (N&B) Business of DuPont in a deal that values the combined company at $45 billion on an enterprise value basis.
  • Citi, another major financial institution and the other dealer managers in offers aggregating $11.9 billion to exchange certain newly issued senior unsecured debt securities of Occidental Petroleum Corporation for any and all of certain outstanding debt securities of Anadarko Petroleum Corporation.
  • Citi, J.P. Morgan, Wells Fargo and another major financial institution, as representatives of the underwriters, in a $13 billion fixed and floating rate senior notes offering by Occidental Petroleum Corporation to finance its acquisition of Anadarko Petroleum Corporation.
  • Deutsche Bank, as representative of the initial purchasers, in a $650 million and a $400 million senior unsecured 144A notes offering by OUTFRONT Media, Inc. to refinance existing indebtedness.
  • J.P. Morgan and another major financial institution, as joint book-running managers and representatives of the underwriters, in a $2.4 billion senior bond offering by Parker-Hannifin Corporation to finance in part its $3.7 billion acquisition of LORD Corporation.
  • A major financial institution, as representative of the initial purchasers, in a $500 million senior unsecured 144A notes offering by OUTFRONT Media, Inc. to refinance existing indebtedness.
  • Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo and another major financial institution, as sales agents, in an up-to-$300-million at-the-market offering of common shares of OUTFRONT Media, Inc.
  • Tops Markets, LLC in, upon its emergence from bankruptcy, the issuance to its secured creditors of $100 million senior secured second lien PIK notes that, together with the issuance to such creditors by its new parent, Tops Markets Corporation, of 560,000 common shares, resulted in cancellation of $560 million of debt held by such creditors.

Stefan received his J.D., magna cum laude, from Brooklyn Law School, where he served as an Articles Editor of the Brooklyn Journal of Corporate, Financial & Commercial Law. He received his B.A. from University of Vermont.