Nathan Treu has extensive experience in governmental, governmental/private, nonprofit, project and structured finance, serving as bond, bank, arranger’s and borrower’s counsel and representing underwriters, issuers, placement agents, lenders, developers and investors in connection with projects in California, Texas and across the US.
Nathan’s financing experience includes a broad variety of transactions, encompassing taxable and tax-exempt debt, new money raises and restructuring/refinancings and public, limited and private offerings, including project and enterprise revenue-backed obligations, general obligations and other tax-based issuances and lease obligations. Such transactions have financed, among other things, housing projects (including military housing), student loan pool acquisitions, professional league stadiums, arenas and other sports facilities, airport facilities, water and sewer facilities, electric power facilities and energy-source purchases, healthcare facilities, general municipal infrastructure, primary and higher education facilities and economic development undertakings. Many of these financings have utilized variable rate structures with credit enhancement and interest rate risk management, and many of the financed projects have involved both public and private participation.
In California, Nathan has served in public finance transactions as bond/co-bond counsel to the City and County of San Francisco (for affordable multifamily housing bonds, on park/recreation and library facilities financings and in connection with the San Francisco Airport Commission’s general airport revenue bonds – including its largest-to-date issuance in February 2019 – and its commercial paper and variable rate demand bond programs), the County of Alameda, the California Municipal Finance Authority, the California Educational Facilities Authority, the California Statewide Communities Development Authority, the California Infrastructure and Economic Development Bank, the Los Angeles County Metropolitan Transportation Authority, the San José-Santa Clara Clean Water Financing Authority and the Oakland Joint Powers Financing Authority, and as disclosure counsel to the State Treasurer’s Office in connection with bond issuances by the State Public Works Board of the State of California and to the San Francisco County Transportation Authority. He has also represented banks in connection with secured bank loans for private primary and higher education facility projects and conduit issuers in connection with limited offerings and private placements of obligations issued on behalf of a broad variety of not-for-profit organizations.
In a departure from private practice and just prior to joining the firm, Nathan served in a general counsel and business affairs role to a nonprofit collegiate sports conference in connection with that entity’s establishment of a wholly-owned, sports multimedia (television and digital) network that is distributed nationally and internationally and distributes millions of dollars in annual net revenues back to the higher education institutions comprising the conference.
Nathan is licensed in California and Texas and is a member of the National Association of Bond Lawyers.