Day Pitney Advises on $550 Million in Bond Sales for State of Connecticut

Publisher: Day Pitney Press Release

March 23, 2016

Hartford, CT, March 23, 2016 - Day Pitney LLP represented the State of Connecticut as disclosure counsel in a general obligation bond sale of $550 million.

The sale drew interest from both individual and institutional investors alike, and resulted in a low overall interest rate of 3.07 percent, the lowest cost of funds on any comparable state obligation bond issue in the last 15 months. As lead bond counsel, the firm led and coordinated the issuance of the bonds with six bond counsel firms, separate tax counsel, underwriters’ counsel and co-disclosure counsel. The bonds are scheduled to be delivered on March 30, 2016.

Finance partner Namita Tripathi Shah led the Day Pitney team on these transactions, which also included Judith Blank, Glenn Rybacki, Susan Albert, Teri McGehan and Karen Ashe.

On September 24, Day Pitney attorneys Judith Blank, Douglas Gillette, Glenn Rybacki and Namita Shah gave a presentation at the New England States Government Finance Officers Association (NESGFOA) 71st Annual Fall Conference in Mystic, CT.

September 24, 2018

NESGFOA 71st Annual Fall Conference, Mystic, CT

SEC Amends Municipal Bond Continuing Disclosure Rules

August 21, 2018

Day Pitney Alert

IRS Provides New Remedial Actions for Certain Tax-Exempt and Tax-Advantaged Bonds

April 16, 2018

Day Pitney Alert

Connecticut Budget Act Increases Holdback for School Building Project Grants

November 2, 2017

Day Pitney Alert

Symposium on Municipal Distress

Doug Gillette and Bill Goddard will be featured panelists during the UConn School of Law's Symposium on Municipal Distress on Friday, September 15.

September 15, 2017

University of Connecticut School of Law, William F. Starr Hall, Hartford, CT

Jay Nolan Appointed to Connecticut State Municipal Accountability Review Board

November 22, 2017

On November 22, Connecticut Governor Dannel P. Malloy announced that he is appointing Jay Nolan to serve as his appointee on the state's recently created Municipal Accountability Review Board.

Assured Says It's Open to a Hartford Debt Restructuring

September 25, 2017

Doug Gillette was quoted in an article, "Assured Says It's Open to a Hartford Debt Restructuring," published in The Bond Buyer.

Day Pitney Recognized as Top Bond Counsel in Connecticut for 2016

February 21, 2017

Day Pitney LLP has once again been recognized as Connecticut's number one bond counsel firm by volume, serving as bond counsel on issues in Connecticut totaling approximately $1.7 billion in 2016, according to The Bond Buyer, a daily newspaper serving the municipal bond industry.

Day Pitney Recognized as Top Bond Counsel in Connecticut for 2015

June 23, 2016

Day Pitney Press Release

Day Pitney Advises on $501.4 Million in Bond Sales for State of Connecticut

May 26, 2016

Hartford, Conn., May 26, 2016 - Day Pitney LLP represented the State of Connecticut as lead bond counsel and disclosure counsel in a general obligation refunding bond sale of $501.4 million. The sale resulted in saving of $75.5 million in debt service costs over the life of the refinanced bonds. The Nappier administration has an active debt refunding program which has saved taxpayers $1.1 billion to date.