We have continued to expand our municipal banking services, with specialized bankers that bolster coverage across higher education, healthcare, transportation, financial products, quantitative analysis and other areas. Our investment bankers provide issuers with state-of-the-art modeling capabilities and unparalleled expertise.

Underwriting

Project Finance

Municipal M&A

Direct and Private Placements

Structures and Specialized Finance

Underwriting

Our team of senior professionals offers a wide range of public finance investment banking and underwriting services to our municipal clients, including state and local governments, transportation entities including airports, toll roads, and mass transit agencies, water and sewer agencies, housing authorities, higher education institutions, and healthcare providers among other sectors.

We have served as a Senior Manager for some of the largest and most sophisticated issuers in the municipal marketplace and regularly rank among the Top 15 of municipal negotiated Senior Managers and among the Top 5 of negotiated Co-Managers. Since inception, we have served as Senior or Co-Manager on more than $1 trillion for issuers across nearly every state.

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Project Finance

Our Project Finance team leverages years of experience in varying market conditions to service our clients’ financing needs.

We understand that structure, risk and cost greatly vary from project-to-project. Our team has comprehensive modeling capabilities to assist clients in optimizing financing structures.

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Municipal M&A

Our Municipal M&A group provides advisory services for both Brownfield and Greenfield projects in the utility, transportation, higher education and healthcare sectors.

We have been a leader in Municipal M&A for more than 20 years.

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Direct and Private Placements

Our team of skilled and connected professionals works with a broad range of investors and banking institutions to ensure clients have efficient and effective access to the large municipal private placement market.

Our group of private placement professionals possess an in-depth knowledge of the private investor base and works with clients to secure traditional and non-traditional means of raising capital for expansion, acquisitions and more.

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Structures and Specialized Finance

Our team of structured and specialized finance experts works closely with clients to develop strategic offerings for restructurings and other unique circumstances.

The team takes a comprehensive look at our clients’ past and future objectives and develops strategic advisory plans to ensure they are in the best position possible for long-term gain and success.

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Get in touch with the team

Learn more about our unique approach to public finance.

Point of contact: Warren “Bo” Daniels, Managing Director, Head of Public Finance Division

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Latest deals

Loop Serves as Bookrunner for the State of Illinois’ $1.2 Billion General Obligation Bonds, Series of April 2026ABC

On March 24-26th, 2026, Loop Capital Markets (“Loop” or the “Firm”) served as Bookrunning Senior Manager on the State of Illinois’ (the “State”) $1.2 billion General Obligation Bonds Taxable Series of April 2026A (the “Taxable Bonds”), Series of April 2026B and Series of April 2026C (the “Tax-Exempt Bonds”). The financing was rated A2 (Stable), A- (Stable), and A- (Stable) by Moody’s, S&P, and Fitch, respectively. Proceeds will be used to fund accelerated pension benefit payments, finance capital expenditures, information technology projects under the State’s capital programs and capital projects.

To assist with the pre-marketing process, the Firm worked with State and its Financial Advisor to develop an electronic investor roadshow posted concurrently with the POS, which was viewed by 74 distinct investors.

Market performance during the pricing process was characterized by alternating risk-on and risk-off sessions as sentiment shifted daily between de-escalation optimism and renewed Iran conflict concerns. Municipal issues struggled market-wide, with significant unsold balances and aggressive cuts up to 12bps. The Firm solicited indications of interest with spreads that were unchanged from pre-marketing levels for the Taxable Bonds. To maintain pre-pricing levels, Loop restructured the amortization of the Tax-Exempt Bonds to align with investor demand.

Ultimately, indications of interest for the Taxable Bonds generated $350.78 million of orders corresponding to 1.7x subscription. In aggregate, the Tax-Exempt Bonds generated $1.22 billion of orders corresponding to 1.2x subscription. In support of the transaction, Loop Capital Markets underwrote $34 million of Taxable Bonds and $20 million of Tax-Exempt Bonds, totaling $54 million.

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March 24, 2026

Loop Serves as Bookrunner for the State of Illinois’ $1.2 Billion General Obligation Bonds, Series of April 2026ABC

March 10, 2026

Loop Serves as Bookrunner for the State of Ohio’s and Ohio Public Facilities Commission’s $358.710MM General Obligation Bonds, Series 2026A

January 21, 2026

Loop Capital Markets Serves as Senior Manager for the NYC Municipal Water Finance Authority’s $825 million Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2026 Series BB

October 21, 2025

Loop Capital Markets Serves as Bookrunning Senior Manager for $1.705 Billion TxDOT Mobility Fund Bonds

September 11, 2025

Loop Capital Markets Served as Bookrunning Senior Manager on the Board of Education of the City of Chicago’s $650 Million Unlimited Tax General Obligation Bonds (Dedicated Revenues), Series 2025A

August 27, 2025

Loop Capital Markets Served as Bookrunning Senior Manager on the Pennsylvania Turnpike Commission’s $600 Million Turnpike Revenue Bonds, Series B of 2025 & Turnpike Revenue Refunding Bonds, Third Series of 2025

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