Jennifer Shea

Staff Reporter at The Bond Buyer

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Articles

GO deal demonstrates continued demand for Chicago paper

2 weeks ago | bondbuyer.com | Jennifer Shea

Chicago is facing a $1.12 billion budget gap, two recent downgrades and scrutiny from the Trump administration that includes threats to its federal funding. But investors didn't demand to be paid much more last week when the city sold general obligation bonds. On Wednesday, Loop Capital Markets priced for Chicago $687.3 million of GOs. Market interest rates are higher, but compared to Chicago's last GO deal December 5, the benchmark spread on the 10-year maturity barely changed.
Ohio's closed Notre Dame College faces lawsuit after bond default

3 weeks ago | today.westlaw.com | Jennifer Shea

The shut-down Notre Dame College in Ohio faces legal action on multiple fronts after defaulting on its bond debt. The private Catholic college, which closed its doors last spring,is mired in at least three separate lawsuits. In one of them, filed in...
Ohio's closed Notre Dame College faces lawsuit after bond default

3 weeks ago | bondbuyer.com | Jennifer Shea

The shut-down Notre Dame College in Ohio faces legal action on multiple fronts after defaulting on its bond debt. The private Catholic college, which closed its doors last spring, is mired in at least three separate lawsuits. In one of them, filed in the U.S. District Court for the Northern District of Ohio, Bank of America, N.A. asks the court to appoint a receiver after the college of defaulted on bond payments and the settlement of an interest rate swap.
St. Louis' $1.6 billion disaster goes uncounted by NOAA

3 weeks ago | today.westlaw.com | Jennifer Shea

What if an expensive disaster befalls a community, but the federal government doesn't track it? On May 16, devastating storms and tornadoes struck St. Louis. Five people died and 38 were injured in the tornadoes , which left a 20-mile scar in their...
St. Louis' $1.6 billion disaster goes uncounted by NOAA

3 weeks ago | bondbuyer.com | Jennifer Shea

What if an expensive disaster befalls a community, but the federal government doesn't track it? On May 16, devastating storms and tornadoes struck St. Louis. Five people died and 38 were injured in the tornadoes, which left a 20-mile scar in their wake. The disaster came soon after the May 8 announcement from the National Oceanic and Atmospheric Administration that it has mothballed its tracker of billion-dollar weather and climate disasters.
Illinois lawmakers adjourn, hanging transit out to dry

3 weeks ago | today.westlaw.com | Jennifer Shea

The Illinois General Assembly passed a $55.2 billion budget but sent nothing to Gov. JB Pritzker on public transit before its legislative session ended this weekend, pushing Chicago-area transit agencies closer to the fiscal cliff.
Illinois lawmakers leave transit unfunded, pass state budget

3 weeks ago | bondbuyer.com | Jennifer Shea

The Illinois General Assembly passed a $55.2 billion budget but sent nothing to Gov. JB Pritzker on public transit before its legislative session ended this weekend, pushing Chicago-area transit agencies closer to the fiscal cliff. The balanced budget includes legislation raising the state's general obligation bond authorization by $875 million, to $82.66 billion.
Chicago goes to market following negative outlook from Fitch

4 weeks ago | today.westlaw.com | Jennifer Shea

Chicago will go to market next week with $517.95 million of taxable and tax-exempt general obligation bonds following a downward outlook revision from Fitch Ratings. The $272.4 million of Series 2025A, $155.8 million of Series 2025B, $23.57 million of...
Chicago goes to market following negative outlook from Fitch

4 weeks ago | bondbuyer.com | Jennifer Shea

Chicago will go to market next week with $517.95 million of taxable and tax-exempt general obligation bonds following a downward outlook revision from Fitch Ratings. The $272.4 million of Series 2025A, $155.8 million of Series 2025B, $23.57 million of Series 2025C and $53.07 million of Series 2025E bonds are federally tax-exempt. The $13.04 million of Series 2025D bonds are taxable.
Investor conference and transparency practices vary by city

1 month ago | bondbuyer.com | Jennifer Shea |Karen Pierog |Christina Baker |Keeley Webster

After Chicago barred the press from its 2025 investor conference, reversing a prior policy, the city's finance team told the leaders of excluded publications that "this specific and intentional effort to engage with bond investors is consistent with peer municipalities." Information from finance officials across the country suggests the picture isn't so cut-and-dried.