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Stephen H. Moller

Partner
+44.(0)20.7360.8212
Fax +44.(0)20.7648.9001
Stephen Moller has a broad range of expertise in banking and finance transactions. Mr. Moller's structured finance practice focuses on receivables financing, supply chain finance and securitisation as well as OTC derivatives advice and DCM transactions. His broader banking experience includes real estate finance, asset based lending, finance for corporate acquisitions and project finance transactions. He also has significance experience in relation to debt restructurings, rescue financings and distressed debt acquisitions/disposals. Recently, Mr. Moller has been active in the FinTech market, establishing platforms to allow new entrants to the financial markets to originate and acquire financial assets. In addition to his bank and corporate clients, Mr. Moller acts regularly for private equity funds, hedge funds and other investors in relation to structured finance and banking matters. He also advises clients on matters of general corporate governance and financial regulation.

Mr. Moller is personally recommended by Chamber & Partners in its survey of Banking and Finance lawyers in London which in its most recent edition states “Stephen Hans Moller of K&L Gates undertakes the full gamut of financing transactions with a strong track record for offering high-quality advice in the area of securitisation and receivables finance”. He is a regular speaker at external conferences as well as K&L Gates' own events on matters relating to structured finance and financial regulation.

Professional Background

Before joining K&L Gates in February 2010, Mr. Moller was a Partner for 11 years in the Financial Markets group of another international law firm. He has been based in London throughout his career except for a period between 2002 and 2005 when he was seconded to Germany to oversee the establishment of his previous firm’s Frankfurt office.

Structured Finance and Securtisation
  • A privately held financial adviser: acting on the establishment of a platform to originate commercial real estate loans, including drafting the client’s standard form loan documentation, advice on regulatory matters and drafting investment management and funding documentation (2017)
  • A UK institutional investor: acting on the establishment of a supply chain finance platform, including receivables purchase, servicing and insurance arrangements (2017)
  • Tungsten Corporation: acting on all aspects of its trade receivables purchase programme including receivables purchase and customer documentation, outsourcing and financing arrangements (2014-2017)
  • A privately held investment group: advising on the purchase of a special purpose company owning a £510 million portfolio of mortgage assets (2016)
  • A privately held investment group: advising on an investment advisory agreement in relation to a portfolio of mortgage assets (2016)
  • A US headquartered multinational: advising on a US$ 150 million receivables sales facility (2015 to 2016)
  • A UK Mortgage Servicer: negotiating servicing agreements in relation to a portfolio of residential mortgages (portfolio size in excess of £100 million) (2016)
  • Various US CLO Managers: advising on risk retention requirements under CRD4 in connection with US CLO transactions sold to European financial institutions (2015)
  • Vitol Inc: advising Vitol on its US$ 650 million receivables finance programme made available by a syndicate of banks and ABCP conduits (2012 to 2016)
  • A UK investment bank: advising on a private placement of Portuguese RMBS assets (2015)
  • A UK investment bank: acting on the English law aspects of the Atlantes Finance 5, Atlantes Finance 6, Pelican 4 and Pelican 5 securitisations (2012 to 2016)
  • Wells Fargo Capital Finance: acting on English law aspects of a US$ 800 million asset based lending facility (2014)
  • A UK investment bank: loan review in connection with a purchase of shared appreciation mortgages (2013)
  • Credit Suisse International: acting on the securitisation of a Non-Performing Loan portfolio

Acquistion and Corporate Finance
  • Mood Media S.A.: English law aspects of US$ 150 million bond financing (2015)
  • A UK Pharma Group: advising on US$ 45 million of multicurrency term loan facilities (2012)
  • An Indonesian Airline: advising on a US$ 55 million term loan facility (2012)
  • Mood Media S.A.: acting on a series of three acquisition finance facilities with a total principal amount of EUR 120 million
  • UK Insurance Company: acting for the lender on the provision of £1.6 billion of debt finance for the acquisition of Resolution plc
  • TUI AG: acting for the borrower on a EUR 1.5 billion acquisition finance facility in relation to its successful bid for CP Ships

Real Estate Finance
  • A UK local authority: advising on a sale and leaseback transaction involving UK real estate (2017)
  • A privately owned investment company: acting for borrower on a fixed rate loan facility to finance leasehold reversions (2014)
  • A financial adviser: acting on a secured bond financing involving firestation leases (2013)
  • A financial adviser: acting on a secured bond financing involving a private UK healthcare facility (2012)
  • An international rating agency: advising on a post financial crisis UK CMBS transaction (2012)

Project Finance
  • A UK local authority: advising on a series of project finance loans for the purpose of building social housing (total transaction size in excess of £100million) (2016)
  • European Bank for Reconstruction and Development: restructuring of US$21 million loan made available to a Ukrainian port operator (2015)
  • European Bank for Reconstruction and Development: restructuring of US$34 million loan made available to a Russian forestry operator (2014)
  • FHW Dalamore: acting for the issuer of £82 million secured fixed rates notes on the drafting and negotiation of a credit facility to finance the redevelopment of social housing.  This was the first UK PFI social housing bond issued without the benefit of a monoline wrap (2014)
  • Lloyds Bank and other equity investors: advising on £101 million 5.069 per cent. secured notes due 2034 wrapped by Assured Guaranty issued in connection with the Little London redevelopment scheme (2013)

Derivatives and Repos
  • A privately owned Swiss bank: advice on the effect of Lehman Brothers International Europe’s administration on fixed/floating rate swap transactions (2014 to 2017)
  • A privately owned Swiss bank: negotiation of indirect OTC derivative clearing arrangements (2015)
  • A UK investment manager: advising on stock lending agency arrangements (2015)
  • A French CAC 30 Company: advising on a structured repo agreement (2015)
  • A US coal producer: strategic advice on the impact of the European Markets and Infrastructure Regulation on the client’s energy and freight derivatives business (2010 to 2014)
  • A UK fixed income investment manager: advice on the categorisation of counterparties under the European Markets and Infrastructure Regulation and on clearing and reporting obligations (2014)
  • A German investment management company: negotiating interest rate swap transactiosn in relation to a EUR 500 million CRE facility (2013)

Restructuring, Rescue Financing and Distressed Debt
  • A European hedge fund: advising on the restructuring and administration of a European photographic business (2013-2016)
  • A European hedge fund: advising on a forward sale agreement in relation to distressed debt (2016)
  • A European hedge fund: loan facility and security documentation in relation to a European motorcycle retailer and the subsequent restructuring and receivership (2013 to 2015)
  • A European hedge fund: drafting loan facility and security documentation in relation to a European photographic business (2013)
  • Oak Hill Partners: LMA debt trading in relation to various European credits (2012 onwards)

Miscellaneous
  • A US company: advice on conflicts of law issues in relation to repackaged debt (2016)
  • Association of British Travel Agents: advice on multi-layered bonding arrangements (2016)
  • A privately held investment group: advice on a potential dispute in relation to financing modelling (2013)
  • ARM Asset Backed Securities: advising on directors' duties in connection with the insolvency of a special purpose company established to securitise life settlement policies (2013)