Joshua R. Bonney is a member of the Public Finance Department. His practice focuses on the structuring, negotiation, and documentation of tax-exempt, tax-advantaged, and taxable debt transactions organized under Section 103 and Sections 141 through 150 of the Internal Revenue Code.
Joshua represents state and local governmental units, public authorities and instrumentalities, for-profit and nonprofit corporations, financial underwriting institutions, bank and non-bank direct purchasers, and other market participants in governmental and qualified private activity bond issuance transactions across industry segments including energy and infrastructure, transportation, education, housing, healthcare, and other public finance sectors.
Joshua regularly serves as bond counsel, underwriter’s counsel, disclosure counsel, issuer’s counsel, borrower’s counsel, and bank counsel in connection with the issuance of publicly-offered and directly-placed investment-grade and non-investment-grade debt instruments on a secured (senior, parity, and subordinate) and unsecured basis in short-term, interim, and long-term form. Products and structures include, among others, appropriation-backed installment method financings (certificates of participation, limited obligation bonds, and lease-purchase obligations), on and off-balance sheet project revenue obligations (including public-private partnership “P3” delivery methods), tax-increment financing obligations, enterprise revenue obligations (including AMT and non-AMT airport revenue bonds, water and sewer revenue bonds, and stormwater revenue bonds, etc.), general obligations, special obligations, short-term borrowing programs and other revolving and non-revolving credit facilities, and various forms of credit and liquidity enhanced financings for fixed-rate, variable-rate, and multi-modal obligations.
Before joining Orrick, Joshua was a research fellow at the Center for Public Leadership at Harvard University's John F. Kennedy School of Government, where he focused on the sociopolitical effects of federal and state legislation on various parts of the U.S. electorate in connection with presidential election cycles.
Joshua’s transaction experience includes the following: