News2021-01-04T16:19:08-05:00

NEWS

$1,275,000 Note (Township Guaranteed) issued by the Hudson County Improvement Authority on behalf of the Weehawken S.I.D. Management Corporation

The Hudson County Improvement Authority successfully issued, on behalf of the Weehawken S.I.D. Management Corporation, a $1,275,000 Subordinated Waterfront Improvement Bond Anticipation Note, Series 2021 - Special Improvement District dated February 9, 2021 to Oppenheimer & Co. Inc. The Note bears interest at the rate of 1.50% per annum (computed on the basis of a 360-day year) payable at maturity on February 8, 2022. JP Capizzi served as Guarantor’s Bond Counsel to the Township in this financing.

February 9, 2021|

$6,060,000 of Bonds issued by the Township of Weehawken

The Township of Weehawken successfully issued $6,060,000 General Obligation Bonds, Series 2021A consisting of $5,383,000 General Obligation Bonds, Series 2021A-1 and $677,000 Taxable General Obligation Bonds, Series 2021A-2 dated February 8, 2021. Roosevelt & Cross, Inc. purchased the Series 2021A-1; Huntington Securities, Inc. purchased the Series 2021A-2 Bonds. S&P Global Ratings assigned the Bonds an insured credit rating of “AA” (stable outlook) based upon a municipal bond insurance policy issued by Build America Mutual Assurance Company; Moody’s Investors Service, Inc. assigned the Bonds an underlying credit rating of “Baa2” (stable outlook). The Series 2021A-1 Bonds have a true interest cost

February 8, 2021|

Colorado Educational and Cultural Facilities Authority Tax Exempt Loan (National Jewish Federation Bond Program) Series T-1, Amendment – Reissuance

The Frisch School, a New Jersey non-profit corporation, in accordance with its strategic plan successfully amended and extended the Loan Agreement dated as of November 17, 2014 by and among the Colorado Educational and Cultural Facilities Authority (the “Authority”), the School and Dime Community Bank (as successor to BNB Bank) as lender, relating to the Authority’s Tax Exempt Loan (National Jewish Federation Bond Program), Series T-1 issued in the original principal amount of $25,150,000 on November 17, 2017. JP Capizzi served as Borrower’s Counsel to the School in this financing.

February 8, 2021|

$6,101,000 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $6,101,000 Special Emergency Note (Federally Taxable) dated December 30, 2020 to Oppenheimer & Co. The Note bears interest at the rate of 1.10% per annum (computed on the basis of a 360-day year) payable at maturity on December 30, 2021. JP Capizzi served as Bond Counsel to the Township in this financing.

December 30, 2020|

$2,412,000 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $2,412,000 Bond Anticipation Note dated December 30, 2020 to Oppenheimer & Co. The Note bears interest at the rate of 1.25% per annum (computed on the basis of a 360-day year) payable at maturity on December 30, 2021. JP Capizzi served as Bond Counsel to the Township in this financing.

December 30, 2020|

$2,500,000 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $2,500,000 Bond Anticipation Note (Federally Taxable) dated November 10, 2020 to Amboy Bank. The Note bears interest at the rate of 0.48% per annum (computed on the basis of a 360-day year) payable at maturity on November 10, 2021. JP Capizzi served as Bond Counsel to the Township in this financing.

November 10, 2020|

$952,000 Note issued by the Township of Weehawken

The Township of Weehawken successfully issued a $952,000 Bond Anticipation Note dated November 10, 2020 to Amboy Bank.  The Note bears interest at the rate of 0.51% per annum (computed on the basis of a 360-day year) payable at maturity on November 10, 2021.  JP Capizzi served as Bond Counsel to the Township in this financing.

November 10, 2020|

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