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 demand has its limits, however.
August 10 -
Lifting the PABs cap is a priority for transportation advocates, lawmakers from both sides of the aisle and the Trump administration.
August 7 -
The deal was too highly leveraged for some investors.
August 6 -
But a toll-backed public-private partnership remains possible for the more than $1 billion project.
August 4 -
Brightline Florida now has until Friday to make the payments, negotiate another extension, or restructure its $5.5 billion of debt.
August 3 -
The continuing resolution would also kick the debate over the next surface transportation bill to the lame duck session.
August 3 -
The value of the Florida cancer treatment center and the mortgaged property is unlikely to cover the bond debt, the trustee said.
July 29 -
"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.
July 27 -
Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.
July 24 -
Congress should also eliminate the mass transit account from the Highway Trust Fund, and consolidate all federal fuel tax revenues into the HTF, the USDOT proposed.
July 23 -
Cities with voter requirements face higher borrowing costs, a study found.
July 22 -
"This is very good news for bankers because this value is portable," said study author Natasha Boreyko.
July 22 -
Action on a surface transportation bill, however, is likely to be delayed until September.
July 20 -
Despite some struggling projects, student housing P3 deals that hit the primary market this year have enjoyed oversubscribed demand.
July 17 -
Meanwhile, settlements in New York and California cases may be near.
July 16 -
The grace periods are getting shorter.
July 16 -
The Build America Bureau "continues to work with the project sponsor to obtain the information required for the creditworthiness review," said a USDOT spokesperson.
July 14 -
Tracking with the larger U.S. managed lane sector, the company enjoyed strong growth in its North American market.
July 13 -
If a fix is not found, the fate of the Highway Trust Fund will get caught up in insolvency debates, said Eno Center for Transportation.
July 10 -
Discretionary termination of grants allowed under the rule would pose a particular risk, issuer advocates said.
July 9
