Rudy S. Salo

What do you focus on?

Commercial Lending

I have significant experience representing commercial banks in providing credit and liquidity facilities in support of tax-exempt and taxable municipal securities, as well as representing those banks in the direct purchase of privately placed debt and the negotiation of revolving credit agreements and other lending solutions. I also advise on the various real estate issues that arise in connection with transactions that use real estate as collateral. I have represented numerous banks throughout the country in such transactions, including in California, New York, Massachusetts, Washington, Oregon and New Mexico.

Education Financing

I have significant experience in both short- and long-term financings for school districts, community college districts, private schools and universities throughout the country. These financings include serving as bond counsel, underwriter’s counsel, disclosure counsel and lender’s counsel in the issuance of general obligation and revenue bonds as well as direct placements/loans.

Transportation

My work also involves financings related to transportation, including significant experience in funding transportation projects. These projects include serving as disclosure counsel to the State of Nevada in connection with its highway revenue bonds; the financing of the extension of the 91 Express Lanes into Riverside County, California; the Dallas Area Rapid Transit’s Orange Line extension to Dallas-Fort Worth Airport; the renovation of the City of Denver’s Union Station; the financial restructuring of the South Bay Expressway (State Road 125) toll road in Southern California upon its emergence from bankruptcy; and the sale and financing of the sale of State Road 125 to the San Diego Association of Governments. I also have served as underwriter’s and bank counsel on several sales tax-backed deals throughout California.

What do you see on the horizon?

I see changes needed in how to finance transportation projects throughout the country, including the infrastructure needed to accommodate driverless car technology. I also see continuing opportunities for municipalities and nonprofits to combine a variety of private, local, statewide and federal funding revenues to progress various public improvement projects, including the expansion of the use of revolving credit agreements in short-term financings.

Presentations

• “Podcast: The Jetson effect on transportation,” The Bond Buyer, July 24, 2018
• “Transit Innovation,” Silicon Dragon Los Angeles 2018, Pasadena, July 2018
• “Cross-Sectoral Perspectives,” Future Directions in U.S. Municipal Infrastructure Finance, Cambridge, MA, June 5, 2018
• “Avoiding Critical Municipal Bond Pitfalls,” National Business Institute—Local Government Law From Start to Finish, Santa Ana, December 2017
• “Navigating Open Meeting Law Compliance Issues,” National Business Institute—Local Government Law From Start to Finish, Santa Ana, December 2017
• “Private Placements: More Permanent Part of the Landscape,” Bond Buyers California Public Finance Conference, Carlsbad, September 2017
• “Hot Topics in the Middle Market | Investing Outlook: Challenges and Opportunities in the Cannabis Industry,” Nixon Peabody Seminar, June 2017
• “Real estate and finance: The what, where, and how of technology’s impact,” Nixon Peabody Annual MCLE Seminar, Los Angeles, January 2017
• “Carmageddon: The impending Impact of Driverless Cars,” MFI Institute, November 2016
• “Financing Options: Which Type of Debt is Best for You Part II,” CDIAC, October 2016
• “Direct Lending,” Bond Buyer’s 26th California Public Finance Conference, September 2016
• “Financing of Public Infrastructure,” California Council of Economic Advisors, Los Angeles, CA, May 2016
• “Direct Lending,” Bond Buyer’s 24th California Public Finance Conference, October 2014
• “Direct Lending," Bond Buyer’s 23st California Public Finance Conference, September 2013
• “Toll Roads (HOVs),” Bond Buyer’s 22st California Public Finance Conference, October 2012
• “Liquidity Facilities and Other Short-Term Financing Tools,” Bond Buyer’s 21st California Public Finance Conference, September 2011
• “Current Practices in School Debt Finance: A School Debt Finance Seminar for Business Officials in the Central Valley,” California Debt and Investment Advisory Commission, February 2010