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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It is one of several P3-related recommendations the board made to Transportation Secretary Sean Duffy.
December 15 -
Both Janney and Huntington are among the top 30 underwriters in the muni market and are neck in neck.
December 12 -
Both parties agree the federal permitting process drives up infrastructure costs.
December 11 -
Hosting a single World Cup match can cost cities roughly $100 to $200 million, said House lawmakers that introduced the bill.
December 10 -
Concerns about Brightline have dragged down performance in the high yield sector this year.
December 9 -
Cintra submitted a proposal calling for four new tolled managed lanes on I-76 that would be structured as a $5 billion, 50-year design-build-finance-operate-maintain P3.
December 5 -
The roster change comes as the powerful committee tackles the next surface reauthorization bill.
December 4 -
Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.
December 3 -
The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.
December 1 -
Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.
November 24 -
Meridiam, ACS Infrastructure Development, Sacyr Infrastructure USA LLC and Plenary Americas are among the firms that have signaled interest in the project.
November 21 -
The deal would give the company time to seek additional equity, debt and federal funds.
November 21 -
Flows into high-yield muni mutual funds had slowed over the past several weeks, and the past two weeks have seen outflows.
November 20 -
The project was the Georgia's first revenue-risk P3 and lays the groundwork for future express lane P3s.
November 20 -
The massive I-285 East express lanes project in metro Atlanta will be procured in two phases.
November 18 -
Two House municipal finance caucus members are running for Senate next year.
November 14 -
Rural providers face $137 billion in federal Medicaid cuts from the One Big Beautiful Bill Act.
November 13 -
A planned vote on health insurance subsidies will be key to how Congress handles the next funding cliff at the end of January, market participants said.
November 11 -
Assured Guaranty commented on Brightline and PREPA during its third-quarter earnings call, on which the company reported a 46% increase in third quarter gross par written year over year, to $7.85 billion from $5.38 billion.
November 10 -
The industry for years has lobbied Congress and the Treasury Department to make the changes, but the issue has taken on more urgency amid a data center boom that promises to transform the U.S. energy landscape
November 7
