Steve B. Park

Partner

parksb@ballardspahr.com
Tel 678.420.9590
Fax 678.420.9301
Atlanta

Steve B. Park is a Business and Transactions Partner who primarily represents financial institutions and multinational companies with an emphasis on corporate governance, public and private offerings of securities, financing transactions, mergers and acquisitions, and compliance with SEC regulations and reporting requirements. Steve has significant experience in advising both lenders and corporate borrowers in commercial lending transactions, including secured and asset-based lending and syndicated credit facilities.

Steve also is the Practice Leader of the firm's EB-5 Group and is well known for his work on EB-5 financing matters. He has represented a wide range of regional centers, project developers, and other sponsors in EB-5 securities offerings and other aspects of the federal program. EB5 Investors Magazine named him one of the top eight EB-5 corporate and securities attorneys in the United States.

Steve is fluent in Korean and often represents both multinational companies and banking clients who extend credit for Korean and other corporate borrowers in the United States.

Representative Transactions

Lending and Finance

  • Represented a lender in connection with $34 million senior secured credit facility for manufacturer of steel cord and bead wire used in production of vehicle tires
  • Represented an international agent bank and syndicate of lenders as U.S. local counsel in $150 million senior secured financing for development of new solar panel module manufacturing facility
  • Represented a senior secured lender in senior secured refinancing credit facility consisting of equipment and real estate term loans with junior secured lenders
  • Represented a U.S. corporate issuer in $40 million U.S. dollar denominated guaranteed floating rate notes issuance in South Korea market
  • Represented a borrower in connection with $50 million senior secured financing for film and chemical products manufacturing facility
  • Represented participating lenders in various large syndicated financings for commercial real estate and energy development projects

EB-5

  • Represented an EB-5 regional center sponsor in a $200 million EB-5 private offering to foreign investors to fund construction of a large-scale infrastructure project
  • Represented an EB-5 regional center sponsor in a $50 million EB-5 private offering to foreign investors to fund development of a new $250 million mixed-use development project and negotiated preferred equity financing documents
  • Counseled a tier-one automotive parts manufacturer and led an EB-5 financing team to prepare securities offering materials and negotiate loan documents (including subordination and intercreditor agreement with a senior lender) for a $30 million EB-5 offering to foreign investors to fund expansion of manufacturing facilities
  • Represented multiple regional center clients from formation of regional center entity through filing of I-924, Application for Regional Center Designation, under EB-5 investment program

Corporate Governance and Securities

  • Represented a hedge fund in its proxy fight to elect three directors to the board of a public cellular communications company (settled with the election of two of the nominees to the board)
  • Represented a public company in preparing its proxy statement for a special shareholders meeting to approve its acquisition by another public company for $62 million
  • Represented a public REIT in a $9.1 million special distribution that paid 20 percent in cash and 80 percent in stock
  • Represented a public company in a $63.25 million follow-on public offering

Judicial Clerkships

Hon. William T. Boyett, Chief Judge of the Superior Court of the Conasauga, Georgia, Judicial Circuit, 2004-2005

Professional Activities

Atlanta Bar Association

State Bar of Georgia

State Bar of New York

American Bar Association

International Association of Korean Lawyers

Korean American Bar Association of Georgia

Recognition & Accomplishments

Top 15 Corporate Attorneys, EB5 Investors Magazine, 2016-2017

Among the top eight EB-5 corporate and securities attorneys, EB5 Investors Magazine, Winter 2015

Speaking Engagements

"EB-5 Beginner Workshop: Loan Documents in EB-5," EB5 Investors Magazine: 2016 Las Vegas EB-5 Conference, Las Vegas, January 15, 2016 

"Advising Public Companies with Respect to the Securities Act, Exchange Act, Sarbanes-Oxley Act, Dodd-Frank Act and JOBS Act Compliance," Georgia Tech College of Business, Corporate Governance Course, Atlanta, March 2013

"Investment Immigration — Finance and Securities Issues for EB-5 Regional Centers and Investors," International Association of Korean Lawyers 20th Annual Conference, Los Angeles, September 2012

Publications

"Understanding Loan Documents in EB-5 Project Finance," EB5 Investors Magazine, Vol. 3, No. 3

"Note, Battle of the Titans: Intellectual Property Regime v. Uniform Commercial Code," 2003, University of Illinois Journal of Law, Technology and Policy

University of Illinois College of Law (J.D. 2004, cum laude)
Associate Editor, University of Illinois Journal of Law, Technology and Policy

Vanderbilt University (B.A. 2000)

Georgia

New York

Georgia Supreme Court

U.S. District Court for the Northern District of Georgia