David G. Casnocha

David G. Casnocha is the managing partner of Stradling's San Francisco office and a former member of the firm’s board of directors.

David has practiced in public finance for more than 43 years and serves as bond and disclosure counsel to public agencies and underwriter's counsel to both national and regional investment banking firms. He also has served as bond counsel to more than 500 school and community college districts in California.

He has particular experience in:

  • Primary and secondary school district financings
  • General obligation bonds
  • Bond anticipation notes
  • Certificates of participation
  • Lease financing
  • Tax and revenue anticipation notes

In addition, David has represented the California Education Facilities Authority on numerous private university financings and represents a range of nonprofit corporations that incur tax-exempt debt to finance their charitable purposes.

As bond counsel to the California League of Community Colleges, he has helped design tax-exempt pool financings for tax and revenue anticipation notes, lease revenue bonds, solar energy projects, and student and faculty housing.

David also served as bond counsel on Other Post-Employment Benefit bond issues. He is experienced in a range of revenue bond financings for water, sewer and a variety of other enterprise systems.

David is also a popular speaker at a variety of trade association conferences, including:

  • Community College Facility Coalition
  • California Association of Independent Schools
  • Association of College Business Officials
  • California Association of School Business Officials
  • Coalition for Adequate School Housing
  • California School Boards Association
  • California Debt and Investment Advisory Commission

Honors

David is especially proud to have been named "Dusty Baker Manager of the Year" by the San Francisco Recreation and Parks Department Youth Baseball Program.

Experience

Served as bond and disclosure counsel on three refunding bond financings secured by ad valorem property taxes upon all property subject to taxation by the Belmont-Redwood Shores School District (San Mateo County) without limitation of rate or amount.  The bonds will refund outstanding obligations of the District for debt service savings ($3,090,000 for Series A, $38,040,000 for Series A-1, $9,360,000 for Series B; total: $50,490,000). 
Advised the Coast Community College District in issuing $211.7 million in general obligation refunding bonds.  This involved a signifcant restructuring of the District's debt. The underwriting team was led by RBC Capital Markets and Citi.
Advised the Los Angeles Community College District in issuing 2020 general obligation refunding bonds (federally taxable).  The transaction resulted in taxpayer savings of over $130 million associated with outstanding District debt, and, at more than $1.7 billion, it was one of the largest local agency bond issues of the year. The underwriting syndicate included 14 banking firms, led by Bank of America Securities and Samuel Ramirez & Co. The transaction was structured to appeal to foreign investors and a significant portion of the bonds were sold to overseas investors.
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Credentials

Education
  • Cornell University, J.D., 1976
  • Claremont Men's College, B.A., summa cum laude, 1973
  • California

Related Practices

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