Client Alerts
Key SEC Updates to Five Day Debt Tender and Exchange Offers
Overview The Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC) issued an exemptive order on June …
July 1, 2026
July 1, 2026 • 1-minute read
David Harry Stone
Partner
Capital Markets and Mergers & Acquisitions
Overview
David represents issuers and underwriters in connection with capital markets financings, with a focus on high-yield and other debt securities offerings. He also has significant experience in convertible debt and equity offerings and related equity derivative products. David has particular experience in the energy industry, having worked on numerous transactions involving oil and gas companies, midstream companies, refiners, and oilfield service companies. He also has significant experience in the chemical, shipping, automotive, homebuilding, electronics, and airline industries. His work has been recognized nationwide by Legal 500 U.S. and Chambers USA in high-yield debt offerings. His clients describe him as a “very pragmatic high-yield debt lawyer” and a “great thinker with creative solutions always at hand” (Chambers USA 2024).
In the past five years alone, David has advised on more than a hundred capital markets offerings
Representing domestic issuers or underwriters in connection with numerous public and private offerings of secured and unsecured high-yield debt securities, convertible debt and equity securities, investment-grade debt securities, common and preferred stock (including initial public offerings), and a range of liability management transactions such as tender offers and consent solicitations
International financing transactions, including a Japanese yen denominated bond financing, a Shariah-compliant Islamic financing, Euro and Canadian dollar denominated offerings, and a number of U.S. capital markets offerings by foreign issuers
More than a dozen public mergers and acquisitions, as well as a number of significant private acquisitions, divestitures, and investment transactions
Credentials
Education
- The University of Texas School of Law, J.D. with honors, 1992 (Chancellors; Order of the Coif)
- Trinity University, B.A. magna cum laude, 1989
- Attended the London School of Economics
Admissions
- Texas
Recognitions
- Chambers Global, Capital Markets: Debt & Equity (Central United States) (USA), 2024–2026
- Selected to the 500 Leading Energy Lawyers, Lawdragon, 2023–2026
- Chambers USA, Capital Markets: Debt & Equity (Texas), 2023–2026; Capital Markets: Debt & Equity (Central United States)(Nationwide), 2023–2026; Capital Markets: High-Yield Debt (Texas), 2023–2026
- Legal 500 U.S., Finance: Capital Markets: High Yield Debt Offerings, 2015, 2016, 2018, 2019, and 2021–2025; “Leading Lawyer” in Finance: Capital Markets: High Yield Debt Offerings, 2022–2025; Finance: Capital Markets: Debt Offerings, 2015 and 2022–2025; Finance: Capital Markets: Equity Offerings, 2024; “Leading Partner” in Finance: Capital Markets: High Yield Debt Offerings, 2026
- Selected to the Texas Super Lawyers list, Super Lawyers (Thomson Reuters), 2012–2018
- The Best Lawyers in America© (BL Rankings, LLC),Corporate Law (Houston), 2008−2027
- Who’s Who Legal (Law Business Research Ltd.), Capital Markets: Debt & Equity, “Thought Leader (USA),” 2024
- The International Who’s Who of Capital Markets Lawyers (Law Business Research Ltd.), 2010
Insights
