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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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 -
The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.
November 5 -
House Republicans hope to mark up the next surface transportation bill early next year.
November 4 -
Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.
November 3 -
States have spent weeks preparing for how they would cover the $8 billion shortfall in food stamps for the month of November.
October 31 -
Logan comes to the firm from Raymond James; before that he was a longtime Citi banker.
October 29 -
Contractors that have been absorbing cost increases in fixed-price projects may insist on the more flexible pricing built into progressive design-build delivery models.
October 28 -
Jamie Doffermyre has worked in munis at Truist Securities, Citi and Merrill Lynch.
October 24 -
The spending cuts and reforms to Medicaid and SNAP in the One Big Beautiful Bill will be phased in through 2028, but most states will start preparing early next year.
October 23 -
"I've never seen this level of hand wringing at the issuer level," said Matt Boles, managing director at RBC Capital Markets.
October 22
