Chapman served as counsel to the lead arranger and underwriter on a landmark $2.35 billion tax-exempt bond financing for the Aquarion Water Authority, recognized as The Bond Buyer’s 2026 Northeast Region Deal of the Year. The largest municipal bond issuance in Connecticut history, the financing supported an acquisition of the state’s largest water utility and enabled a newly formed public authority to own and operate critical water infrastructure. Chapman partners Rick Cosgrove, Joe Saverino, and Sarah Breitmeyer led the bond financing team with associate Colin Mummery. Rick, along with partners Nate Odem and Justin Greatorex, led the bridge financing team.

The Aquarion transaction builds on Chapman’s track record of structuring and negotiating innovative public financings that have advanced the market, including:

  • The Terminal 6 infrastructure redevelopment at John F. Kennedy International Airport, named The Bond Buyer’s 2023 P3 Deal of the Year.
  • The Lincoln South Beltway project in Nebraska, named The Bond Buyer’s 2020 P3 Deal of the Year.
  • CommonSpirit Health’s financing, the largest not-for-profit health system financing to date, named The Bond Buyer’s 2019 Deal of the Year.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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