Stout  ronald

W. Ronald Stout

Of Counsel


One Oxford Centre
301 Grant St, 14th Floor
Pittsburgh, PA 15219
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Fax: +14123942555
J.D., University of Tennessee College of Law, Knoxville, Tennessee, 1974
B.S., Waynesburg University, Waynesburg, Pennsylvania, 1969
State Bar Licenses
Court Admissions
Supreme Court of Pennsylvania
U.S. District Ct., W.D. of Pennsylvania

W. Ronald Stout

Of Counsel

W. Ronald Stout serves governmental, industrial, and nonprofit clients as bond counsel in bond and bank financings. For more than 40 years, Ron has assisted governmental entities with their financing needs.

He has served as bond counsel for hundreds of millions of dollars of municipal bond and bank loan financings, including those of school districts, counties, cities, boroughs, townships, water and sewer authorities, and a turnpike commission.

Ron also serves as underwriter’s counsel for many public finance bond transactions where the issuers of the bonds include utility authorities and a turnpike commission. He has participated in hundreds of millions of dollars of public bond and private loan transactions as solicitor to a water and sewer authority, hospital development authority, industrial development authority, residential finance authority, and higher education authority.

Relying on his vast experience in a variety of public and private municipal transactions, Ron is able to meet or exceed the time and budget expectations of governmental and bond underwriter clients.

Representative Experience

  • Served as bond counsel for a governmental entity involving the refunding of outstanding municipal bonds saving the issuer millions of dollars in debt service payments.
  • Assisted a transportation authority serving as bond counsel for the financing of a major interchange using a unique financing structure involving the deferral of real estate taxes as security for the payment of the bonds.
Pennsylvania Bar Association
Allegheny County Bar Association
Past President, Pennsylvania Association of Bond Lawyers
National Association of Bond Lawyers
Past Chair, Municipal and School Solicitors Section, Allegheny County Bar Association
Fellow, Allegheny County Bar Foundation
Panelist on Tax-Exempt Financing for the Pennsylvania Economic Development Association
Served as Bond Counsel or Special Counsel on millions of dollars of Industrial Development Financings
Testified before State Senate Committees on Industrial Development Financing
Served as lead Bond Counsel, Special Counsel, or Underwriter’s Counsel in hundreds of millions of dollars of general obligation, water and sewer revenue, solid waste, parking facilities, and 501(c) (3) nonprofit corporations financings
Participated as Bond Counsel or Special Counsel in manufacturing, 501(c)(3) nonprofit corporations, and solid waste industrial development financings
Represented a county industrial development authority in connection with co-generation facility financings
Served as Bond Counsel for one of the first bond financings in Pennsylvania under the Transportation Partnership Act, the proceeds of which were used for an interchange project
Served as solicitor to an industrial development authority and a water authority, rendering advice thereto on all matters including general contracts and procurement issues, rate matters, Sunshine and Ethics Acts, investment powers, project financing, and employee benefit matters
Reviewed tax-exempt equipment leases on behalf of municipal entity-lessees
Represented various counties in connection with the sale of county nursing homes
Represented a county in connection with the sale and transfer of delinquent real estate tax receivables
Participated in tax increment financing (TIF) and local economic revitalization tax assistance (LERTA) financing
Served as counsel to municipalities and municipal authorities on Pennsylvania Infrastructure Investment Authority (Pennvest) financings
Represents a national certifying nonprofit corporation and, in connection therewith, has handled leasing matters, by-laws interpretation and other governance issues, vendor contracts, joint venture arrangements, misrepresentation of certification issues, and decertification procedures
Represented a county-wide library association and in connection therewith has handled Board member conflict of interest matters, corporate governance and by-laws interpretation issues and analysis of the state Library Code
Represented commercial lenders in tax-exempt financing transactions and, in connection therewith, prepared and/or reviewed term sheets, commitment letters, loan agreements, security agreements, and reviewed title matters
Represented a Fortune 500 corporation in connection with the sale of a multi-million dollar manufacturing facility
Prepared or reviewed numerous facility leases on behalf of a national retail corporation
Represented small to mid-sized corporations
Represented buyers and sellers in Stock and Asset Acquisition Transactions

Represented nonprofit corporations, incorporated the entities, and obtained favorable IRS Determination Letters

Represented a corporate trustee in a State Higher Education Facility Financing