The American School for the Deaf recently secured a $14 million financing, its first transaction with the Authority. ASD is a residential and day school in West Hartford, Connecticut, catering to students who are deaf, hard-of-hearing, and have unique communication needs. To utilize the funds, the school plans to construct two single-floor dormitories with 60 beds and two multi-purpose sports courts, costing an estimated $13.63 million. Construction is set to start in summer 2023, finishing in fall 2024. M&T Bank purchased the transaction as drawdown bonds with a variable rate, maturing on May 1, 2053. Pullman and Comley served as Bond Counsel for the Authority.

Connecticut Children’s Medical Hospital recently closed a successful $112.385 million public bond offering with the Authority. The proceeds from the bond offering will be used to finance the construction of a new building expansion project. This includes an eight-story tower, housing NICU services, gene therapy units, surgical facilities, and a pharmacy. The project also involves renovating a section of the existing hospital. CCMC expects construction to be substantially completed by July 2025. The fixed-rate transaction had a final maturity of July 15, 2053, and a 10-year call date. Goldman Sachs and Loop Capital served as underwriters, while Pullman and Comley acted as Bond Counsel for the Authority.