Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.

×
×
About Day Pitney Careers News Client Access

News

In the News Press Release

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.

Recommended
COVID-19 Emergency Order 9R Extends Municipal Deferment/Low Interest Rate Program
December 17, 2020

Day Pitney Alert

LIBOR Termination May Be Postponed to 2023
December 1, 2020

Day Pitney Alert

Covid-19 Emergency Order Authorizes CT Municipalities to Hold Public Meetings and Voting by Remote Participation
October 23, 2020

Day Pitney Alert

Tax Anticipation Notes: An Option to Alleviate Municipal Cash Flow Shortages Due to the COVID-19 Outbreak
March 25, 2020

Day Pitney Alert

COVID-19 Emergency Orders Authorize CT Municipalities and Schools to Adopt Budgets Without Voter Approval
March 23, 2020

Day Pitney Alert

Namita Tripathi Shah Elected as a Fellow of the American College of Bond Counsel
August 14, 2019

Day Pitney Press Release

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.

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.
Related Professionals
Namita Shah
Namita Tripathi Shah
Hartford, CT
T: (860) 275 0132
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Boca Raton Delray Beach Miami West Palm Beach

This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.

This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.