Joshua S. Pasker

Joshua S. Pasker

Partner

Contact Info

Phone: (215) 972-7783
Fax: (215) 972-4154

Primary Office

Philadelphia
Centre Square West
1500 Market Street, 38th Floor
Philadelphia, PA 19102-2186

Joshua S. Pasker

Partner

Josh Pasker focuses his practice on municipal finance matters, serving as bond counsel, underwriter's counsel, issuer's counsel and borrower's counsel in a broad variety of financings. Josh's experience includes general obligation notes and bonds, revenue obligations, variable rate multimodal debt, derivative products, multi-family housing bonds, and financings for colleges, universities, charter schools, hospitals, continuing care retirement communities, and other nonprofit entities. Josh also counsels issuers and borrowers on securities laws, tax laws and post-issuance compliance procedures relating to tax-exempt bonds. Josh has experience in representing parties before the IRS in connection with tax-exempt bond audits.

Experience

  • Served as bond and borrower's counsel to an operator of nursing care facilities and provider of health care services in the public offering of $50 million of bond anticipation notes. The deal will enable the entity to finance the construction of a new $30 million assisted living facility on its Pennsylvania campus and to refinance all of its existing debt. In addition, we helped the client create a "Planned Community" under the Pennsylvania Uniform Planned Community Act, obtain a $6.6 million loan from the Pennsylvania Department of Community and Economic Development, obtain a commitment from the U.S. Department of Agriculture for $40 million of permanent financing for the project, and obtain a $1.5 million line of credit for working capital.
  • Served as bond and borrower's counsel to a large owner, operator and developer of continuing care retirement communities in the United States in connection with a multi-state public finance transaction aggregating $167.81 million. The financing involved the issuance of five separate series of tax-exempt bonds across Pennsylvania, Delaware, Florida, South Carolina and North Carolina. A portion of the transaction in the amount $104.13 million was publicly offered through three separate bond issuers while the remainder of the transaction, $63.68 million, was directly placed with a large lend­ing institution. This financing was an integral part of management's efforts to reinvest in its communities and refinance certain outstanding debt.

Thought Leadership

No results.

Credentials and Accolades

Honors and Awards

Class of 2016, Leadership Philadelphia

Named to the Pennsylvania Super Lawyers "Rising Stars" List for Government Finance, 2014 to present

Recognized by the Philadelphia Business Journal as a "2008 Top Fundraiser" for the Multiple Sclerosis Society Greater Delaware Valley Chapter

Memberships and Affiliations

Pennsylvania Association of Bond Lawyers

  • President, 2014-2015
  • Board of Directors, 2012-2020

National Association of Bond Lawyers

Pennsylvania Bar Association

Pennsylvania Municipal Authorities Association

Education

J.D., Penn State The Dickinson School of Law, 2006, summa cum laude

  • Penn State Law Review, Research Editor
  • Appellate Moot Court Board Member
  • Member of the Woolsack Society

B.A., University of Delaware, 2003, magna cum laude

Bar Admissions

New Jersey
Pennsylvania

Firm Management Positions

Public Finance, Vice Chair

Philadelphia Office, Vice Office Managing Partner

Government Involvement Committee, Member
 

Josh Pasker focuses his practice on municipal finance matters, serving as bond counsel, underwriter's counsel, issuer's counsel and borrower's counsel in a broad variety of financings. Josh's experience includes general obligation notes and bonds, revenue obligations, variable rate multimodal debt, derivative products, multi-family housing bonds, and financings for colleges, universities, charter schools, hospitals, continuing care retirement communities, and other nonprofit entities. Josh also counsels issuers and borrowers on securities laws, tax laws and post-issuance compliance procedures relating to tax-exempt bonds. Josh has experience in representing parties before the IRS in connection with tax-exempt bond audits.