News Story

Barnstable, Massachusetts — The Town of Barnstable, Massachusetts priced $24,040,000 in General Obligation Municipal Purpose Loan of 2026 Bonds on February 10, 2026, through a competitive sale. The bonds were sold as new money and will mature serially from February 15, 2027 through February 15, 2046. Delivery is expected on or about February 26, 2026.

Proceeds from the offering will fund a broad portfolio of 24 capital improvement projects across town facilities, schools, and infrastructure. Major projects include a $3,000,000 High School Performing Arts Center upgrade, $3,000,000 in Oyster Harbor Bridge improvements, $1,663,000 in mechanical improvements to the Hyannis Youth & Community Center, $1,505,000 for the Hyannis Golf Course Club House restoration, and a $1,455,745 Hawes Avenue Culvert reconstruction. Additional proceeds will fund school facility upgrades including an Intermediate School rooftop unit replacement ($2,100,000), High School Culinary Kitchen Phase 2 ($550,000), and district-wide mechanical and HVAC repairs across multiple school buildings. The bonds are backed by the full faith and credit of the Town, with principal and interest payable from taxes levied on all taxable property in the Town, subject to the limitation imposed by Chapter 59, Section 21C of the Massachusetts General Laws.

The bonds carry coupons ranging from 4.00% to 5.00%, with yields ranging from 1.850% in 2027 to 4.020% in 2046. Bonds maturing on and after February 15, 2036 are subject to optional redemption on and after February 15, 2035 at par. The offering was sold on a lowest True Interest Cost (TIC) basis.

Huntington Securities, Inc. served as the winning bidder and purchaser of the bonds. Hilltop Securities Inc., Boston, Massachusetts, served as Municipal Advisor to the Town. Troutman Pepper Locke LLP, Boston, Massachusetts, served as Bond Counsel.

The bonds are rated AAA by S&P Global Ratings.