Stephen D. Browning

Partner
Photo of Stephen D. Browning
Offices Houston
Phone 713.588.7008
Fax 713.588.7078
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Steve is the managing partner of the Vorys Houston office and previously served as chair of the firm's finance, energy and real estate group. Steve transitioned his practice from the firm's Columbus office in 2011. 

Steve practices primarily in the areas of finance, derivatives and real estate.  He has extensive experience in the representation of commercial banks and borrowers, both publicly and privately held, in a wide range of financing transactions, including syndicated loans, asset based loans, mezzanine and second tier financings, multicurrency transactions, structured finance, acquisition finance, general secured transactions, supply chain finance, loan restructurings, and intercreditor and subordination agreements.  His practice also includes the purchase and sale of commercial real estate, defeasance transactions, beverage and food related contracts, real estate finance, asset acquisitions and sales.  Steve regularly represents public and private companies in the drafting and negotiation of various types of complex commercial agreements.  On the borrower side, he has worked extensively on retail and restaurant industry transactions.

Steve represents numerous financial institutions and public and private companies in derivatives activities, including advising on Dodd-Frank regulatory requirements and has a broad range of experience in the negotiation of derivative transactions and structured financial products, including transactions under the ISDA Master Agreement and related schedules and annexes, including credit support documentation.

Steve also advises clients in general business transactions, including acquisitions, sales and documentary and standby letters of credit.

Career highlights include:

Steve is a frequent speaker on Article 9 of the Uniform Commercial Code.

Steve received his J.D., cum laude, from Boston College Law School, where he was executive editor of the Boston College Law Review.  He received his B.A. from Williams College.

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  • 3/11/2021
    The American Rescue Plan Act of 2021 Expected to Become Law
    On Wednesday, March 10th, the House passed the American Rescue Plan Act of 2021, the third major federal COVID-19 relief act following the CARES Act and the December 2020 Consolidated Appropriations Act. President Biden is expected to sign it into law Friday.
  • 2/2/2021
    IBA’s LIBOR Consultation and Banks’ Potential Notice Obligations in respect of a Benchmark Transition Event
    The ICE Benchmark Administration Limited (IBA), the administrator of the London Interbank Offered Rate (LIBOR), published a consultation on December 4, 2020 requesting public feedback on its intention to cease the publication of (1) the 1-Week and 2-Month USD LIBOR on December 31, 2021 and (2) the Overnight and 1, 3, 6 and 12 Month USD LIBOR on June 30, 2023 (the IBA Consultation).
  • 12/27/2020
    President Signs $900 Billion Economic Aid Package
    Late on December 27, the President signed a $900 billion relief package that will provide aid to individuals and businesses still struggling with the economic impact of the ongoing COVID-19 pandemic. Both the House and the Senate passed the proposal last week.
  • 11/17/2015
    Client Alert: Banking Agencies Finalize Margin and Capital Requirements
    Recently five federal agencies, The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration and the Federal Housing Finance Agency, issued much-anticipated joint final rules that establish minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers and major security-based swap participants for which one of the Agencies is the prudential regulator.
  • 4/22/2014
    Client Alert: Oil and Gas Production Lending Guidance
    With the boom in oil and gas production issues in Ohio, irrespective of the type, charter bank and thrift lenders can find a significant resource for safe and sound lending guidance in the newly issued addition to the Comptroller’s Handbook on “Oil and Gas Production Lending.”