Jason P. Capizzi closes COPS refunding for The North Hudson Sewerage Authority

Jason P. Capizzi acted as Special Counsel to The North Hudson Sewerage Authority in connection with its issuance of $160,625,000 Gross Revenue Senior Lien Lease Certificates, Series 2019 (Federally Taxable), authenticated November 22, 2019 (the “Certificates”).  S&P Global Ratings, acting through Standard & Poor’s Financial Services LLC (“S&P”), assigned the Certificates an insured credit rating of “AA” (stable outlook) based upon the issuance of a Municipal Bond Insurance Policy by Assured Guaranty Municipal Corp.  S&P and Fitch Ratings have assigned the Certificates an underlying rating of “A+” (stable outlook) and “A” (positive outlook), respectively.  The Certificates finally mature on June 1, 2044 and have a true interest cost of 3.645153%.  RBC Capital Markets, LLC was the Underwriter of the Certificates.