A Katten team served as co-bond counsel to the Chicago Transit Authority in connection with the issuance of approximately $528 million in sales tax receipts revenue bonds, consisting of $500 million of Series 2026A bonds and $28 million of Series 2026B refunding bonds. Proceeds will be used to support projects included in the agency's capital improvement program and to finance a tender offer for certain outstanding Series 2017 second lien sales tax receipts revenue bonds and Series 2020B sales tax receipts revenue refunding bonds.
The Katten team, led by Partner Kelly Hutchinson, included Counsel Michela Daliana, Senior Counsel Lewis Greenbaum, and Associates Tommy Sandstrom** and Jeremy Stevenson.
"Chicago Transit Authority plans return to market with $575M deal," The Bond Buyer, January 30, 2026
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**Government and Public Finance Associate Tommy Sandstrom, a candidate for the Illinois State Bar, also served as a member of the Katten team.