Joyce J. Gorman represents financial institutions and non-financial institution capital markets investors as well as issuers in developing and transacting in financial and derivative products in both the primary and secondary markets. Her practice encompasses both primary market financing transactions such as public offerings and privately placed direct purchases (including forward purchases) in various market sectors (e.g., not-for-profit associations, charter school financings, continuing care retirement communities, real estate financings and taxable PACE bonds); liquidity facilities, letters of credit and other forms of credit enhancement; derivatives; guaranteed investment contracts and repo’s; municipal and non-municipal capital markets, including secondary market products and programs (e.g., custodial receipt structures, tax-exempt securitizations, such as tender option bond (TOB) programs, taxable trust pass-through structures, REMIC trusts, trust terminations, and total return swaps); complex structured transactions (such as tax-exempt gas prepay transactions); and workouts, debt restructuring and distressed credits. Joyce is co-head of the Investment Banking and Capital Markets Subcommittee of the Firm’s Banking and Financial Services Industry Team, as well as a member of the Firm's Finance Department Steering Committee.
Experience
Representative Matters
- Development of bilateral model master ISDA documents with 21 financial institutions for 2 publicly traded affiliates to hedge interest rate, foreign exchange and commodities risk.
- Synthetic financing for taxable commercial PACE bond holdings of a municipal hedge fund through the use of total return swaps provided by a foreign bank, to leverage the hedge fund’s portfolio and magnify its yield.
- Updating a financial institution’s loan documentation to address the discontinuation of LIBOR for syndicated and bilateral real estate loans with corresponding interest rate swaps.
Professional Highlights
Recognition & Accomplishments
AV Peer Review Rating, Martindale-Hubbell
Named by The Legal 500 US as "a leader in municipal capital markets with a reputation for innovation"
Credentials
Education
University of Maryland School of Law (J.D. 1977, with honors)
Smith College (A.B., Economics, 1974)
Williams College (1972-1973)
Convent of the Sacred Heart, Greenwich, Connecticut (1970, highest honors; 2019 Professional Achievement Award)
Admissions
District of Columbia
Maryland