Caitlin Devitt has covered the municipal bond market since 2008. She began her journalism career at the Herald Newspapers on the South Side of Chicago, starting as a reporter and rising to Managing Editor. While at The Bond Buyer, she covered the Detroit bankruptcy among other Midwest-based stories. Devitt joined Debtwire Municipals in 2016, where she covered the high-yield municipal bond market for five years, before returning to the Bond Buyer as Senior Infrastructure Reporter. She lives in Chicago with her family.
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The agreement launches a six-month process in which the consortium will evaluate opportunities to design, build, operate, finance and maintain one or more segments of the program.
June 25 -
Sven Hodges will focus on energy and advanced manufacturing projects.
June 24 -
The BB-plus rated borrowing comes as high-yield supply remains strong in the muni market.
June 23 -
The tobacco sector has been among the worst-performing in the muni market this year, but some say it's still overvalued.
June 18 -
On the bright side, ridership and revenue were up 20% compared to last May.
June 17 -
Bondholders also waived an event of default for $22 million of senior debt that Brightline took on in May.
June 16 -
South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.
June 16 -
After the DOT "expedited" a $25 million investment in the train, Q1 trespassing incidents and collisions on Brightline Florida fell 30% year-over-year, the office said.
June 15 -
Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.
June 15 -
Pooling local projects and slicing up risk could open the door to more private capital, a researcher said.
June 12 -
Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.
June 11 -
On the state P3 front, PennDOT aims to complete a review of a proposed $5 billion toll lane project next year.
June 10 -
The developer faces no penalties from the missed interest payment.
June 8 -
On the primary market, some deals are oversubscribed and others sent back to the drawing board.
June 5 -
The Nassau County Tobacco Settlement Corp's ability to continue as a going concern depends on restructuring its tobacco debt, the county's audit said.
June 4 -
With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.
June 3 -
The six-month pre-development agreement is the first step toward a larger public-private partnership to help deliver the struggling bullet train.
June 2 -
Reason's latest transportation finance report lays out barriers to U.S. pension funds investing in infrastructure and the P3 pipeline.
June 1 -
The bill promote private capital and public-private partnerships as part of the financing process.
May 28 -
Political opposition from Charlotte residents halted the express toll lanes expansion plan.
May 27
