Douglas I. Youngman
Partner
Overview
Douglas Youngman is a New York financial services attorney who focuses his practice in the field of derivatives, complex financial transactions and structured products.
Mr. Youngman has more than 28 years of experience in financial services and related transactions. He advises clients on the negotiation and execution of a wide range of derivatives, including interest rate swaps, caps and options, total return swaps, credit default swaps, foreign exchange (FX) and equity transactions, as well as guaranteed investment contracts, forward purchase agreements, repurchase agreements and other reinvestment products. He also counsels clients on liquidity (letter of credit, standby bond purchase, revolving credit), bank lending and direct purchase transactions in the municipal and tax-exempt healthcare and higher education markets.
In addition, Mr. Youngman advises clients regarding issues arising from the discontinuation of Libor in both the derivatives and cash/lending markets, providing guidance related to the Secured Overnight Financing Rate (SOFR) and other replacement rates, and the implementation of fallbacks recommended by the Federal Reserve's Alternative Reference Rates Committee (ARRC) and the International Swaps and Derivatives Association (ISDA).
Mr. Youngman has extensive experience representing lenders, creditors and service providers in connection with municipal bankruptcy, under both the U.S. Bankruptcy Code and Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), and in respect of distressed municipalities.
Prior to joining Holland & Knight, Mr. Youngman was a financial services attorney at an international law firm in its New York office.
Representative Experience
- Representation of a public United Kingdom-based financial services company ($1 billion to $2 billion market cap) in connection with registration of new swap dealer, drafting of related transactional and Dodd-Frank regulatory documentation, compliance with Dodd-Frank and other Commodity Futures Trading Commission (CFTC) and U.S. Securities and Exchange Commission (SEC) regulations, including related margin and clearing requirements
- Representation of a public offshore company (more than $2.5 billion market cap) that owns a large global tanker fleet in connection with hedging interest rate risk on approximately $1 billion debt portfolio exposure with multiple large offshore banks; this includes the review and negotiation of International Swaps and Derivatives Association (ISDA) Master, trade and closing documentation; review and integration of related credit agreements; advice relating to U.S. and foreign regulatory requirements, including Dodd-Frank and similar European Union (EU) regulations, working closely with Holland & Knight's Maritime and Transportation & Infrastructure financing teams
- Representation of a U.S.-based global aviation petroleum provider in connection with hedging interest rate, currency and commodity price risk with multiple large banks relating to a $325 million syndicated revolving credit facility; this includes the review and negotiation of ISDA Master and transaction documentation, as well as Dodd-Frank onboarding documentation and related regulatory advice
- Representation of a Florida municipality and its municipal electric utility in connection with hedging interest rate risk on a more than $1 billion tax-exempt bond portfolio; this includes the review and negotiation of ISDA Master documentation, trade confirmations, authorizing documentation, policy compliance and related closing documentation, working closely with our Public Finance practice team
- Representation of an offshore, multibillionaire private client in connection with variable forward share transaction with a large U.S. bank to monetize approximately $400 million worth of shares of a publicly traded non-U.S. company; this includes the review and negotiation of Master Confirmation, Transaction Supplements and related closing documentation, as well as regulatory support relating to Dodd-Frank and cross-border matters, working with our Public Companies and Securities, Private Wealth Services and Tax teams
Credentials
- Boston University School of Law, J.D.
- Tufts University, B.A.
- Massachusetts
- New York
- American Bar Association, Derivatives and Futures Law Committee; Working Group on LIBOR
- New York City Bar Association, Futures & Derivatives Committee
- New York State Bar Association, Derivatives & Structured Products Law Committee
- The Best Lawyers in America guide, Derivatives and Futures Law, 2019-2023
- The Legal 500 USA, Finance: Restructuring (including Bankruptcy) – Municipal, 2015-2017
