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Education

Ohio State University College of Law, J.D., 1978

University of Rochester, B.A., 1974

Bar & Court Admissions

  • Minnesota
  • Illinois 
Photo of Peter J. Rue
Peter J. Rue
Shareholder
Overview
Experience
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Peter Rue is co-chair of the firm's Financial Institutions and Real Estate section, and practices primarily in the areas of:

  • Financial transactions
  • Bank regulations

Prior to joining Briggs, Pete was a senior transaction attorney at U.S. Bank National Association in Minneapolis. He has 20 years combined in-house banking experience through his work at U.S. Bank, Continental Bank (Chicago) and The Northern Trust Company (Chicago). He is skilled in negotiating custom-drafted loan agreements.

Pete has extensive experience in structuring, negotiating and documenting complex credit transactions. Representative transactions include: syndicated lending; specialty finance for mortgage banking (warehousing and servicing-secured), insurance and bank holding companies, brokers and mutual funds, utilities, and other regulated businesses; asset-based finance; interest rate swaps and other derivatives; credit-enhancement and letters of credit; real estate finance; trade finance; and finance of individual investors/entrepreneurs.

Pete regularly advises clients on bank regulatory issues, restructuring, workout and exit strategies, equity investments, affiliate transactions, confidentiality and other topics.

While in law school, Pete was an editor of the Ohio State Law Journal. He is a frequent lecturer at legal seminars on banking and finance topics.

Experience

  • Acted as agent's counsel on syndicated financing of a professional sports franchise.
  • Acted as agent's counsel on syndicated financing of an agricultural and retail business.
  • Acted as counsel for issuers of letters of credit backing bond and note issuances and other types of credit enhancement (liquidity lines, standby bond purchase agreements).
  • Acted as counsel for lenders to bank holding companies, which includes senior debt secured by bank stock and subordinated debt constituting regulatory capital.
  • Acted as counsel for Mortgage Warehousing lender/purchaser.
  • Acted as counsel for private client groups of several large banks, involving lending and other financing transactions.
  • Acted as agent's counsel on syndicated financing of a building product manufacturer, including restructuring of transaction.
  • Acted as agent's counsel on syndicated financing of a power company and related businesses.
  • Helped establish procedures and policies for review of syndicated real estate transactions in which client is a syndicate member and often also an agent, but not the primary administrative agent; Conducted and supervised review of several hundred transactions.
  • Represented national bank in $15 million workout with large steel fabricator.