Georgia

Veteran public finance banker Warren “Bo” Daniels Jr. has rejoined Loop Capital Markets to lead the firm’s efforts in Georgia and neighboring southern states from a new Atlanta office.

Issuers, borrowers, and MAs disagree that they violated state and local government series securities (SLGS) rules.

In Tuesday’s election, North Carolina and West Virginia got new governors while the region also saw the passage of bond-related measures, including big-ticket transportation initiatives.

To keep the Atlanta Hawks playing at Philips Arena, the 17-year-old venue will undergo up to $192.5 million in interior renovations financed with $110 million of bonds and cash.

Hartsfield-Jackson Atlanta International Airport’s revenue bonds received a one-notch upgrade to AA-minus by Fitch Ratings, which cited a 20-year lease agreement with Delta Air Lines as a major factor behind its action.

Triple-A rated Georgia reported $136.4 million of present value savings on an $890 million general obligation refunding, helped by improved negative arbitrage conditions.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.

Kutak Rock LLP has hired veteran bond attorney Thomas P. Lauth to join the firm’s public finance practice in Atlanta.

Georgia's chief financial officer Teresa MacCartney has received the Gloria Timmer Award from the National Association of Budget Officers during the organization’s annual meeting.

City of Atlanta and Metropolitan Atlanta Rapid Transit Authority leaders will use the months ahead to persuade voters to support two half-cent sales tax increases for major transportation improvements.

The Internal Revenue Service may soon revoke the tax-exempt status of a Georgia housing corporation that for three consecutive years failed to file information returns on a $7.81 million bond issuance in 2013.

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

Triple-A rated Georgia will auction $1.4 billion of general obligation bonds Tuesday, with analysts seeing the state benefiting from six years of positive revenue performance.

Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.

Atlanta signed a 20-year lease with Delta Wednesday that keeps the carrier based in the city and paves the way for a $6 billion capital expansion plan at Hartsfield-Jackson Atlanta International Airport.

Douglass P. Selby will be the new head of public finance at Hunton & Williams, and John O’Neill will lead the public-private partnership practice group.

WellStar Health System expanded its hospital network to 11 from five after Friday’s closing on the acquisition of five hospitals from for-profit Tenet Health, and a merger with nonprofit West Georgia Health, but its ratings suffered.

The Metropolitan Atlanta Rapid Transit Authority could pursue a portion of its $8 billion expansion plan under terms of a bill Georgia legislators passed shortly before adjourning.

Georgia saw state revenues jump a whopping 24.9% in February, although state officials said Internal Revenue Service security breaches helped skew the results by delaying refunds.