Thomas Coverick

Managing Director
KeyBanc

Thomas Coverick, managing director, leads KeyBanc Capital Market’s Municipal Digital Infrastructure Practice representing nearly $875 million par amount of bonds sold. He also directs the firm’s general public finance in the Midwest and Mountain regions. Coverick has over 30 years in public finance experience and has extensive expertise working with issuer clients in the broadband space, including senior/sole managed underwriting of 20 engagements totaling nearly $625 million par amount of bonds issued. Transactional experience includes bond deals with UIA/UTOPIA, Yellowstone Fiber (formerly Bozeman Fiber), MiNet and the cities of Providence and Mapleton, Utah. He is currently working with Golden State Connect to develop a financial plan and related policies to deliver broadband to rural California.

In addition to his broadband experience, he has served in underwriting leadership roles or as financial adviser for the issuance of over $10 billion of municipal bond offerings including transactions for the cities of Chicago, Milwaukee, Baltimore and St. Louis; the states of Utah, Illinois, Indiana, Ohio, Michigan and Wisconsin; plus Cook County, the New Orleans Aviation Board, the Illinois Student Assistance Commission and the Green Bay/Brown County Professional Football Stadium District (Lambeau Field renovation project). His financial advisory experience includes the Milwaukee Public Schools, the Illinois State Toll Highway Authority and as an advisory team member for the City of Detroit.

Coverick is a frequent speaker and panelist at digital infrastructure conferences and has participated in discussions with numerous communities, consultants and project sponsors in their consideration of implementing municipal broadband networks. He is a graduate of Loyola University Chicago and holds Series 7, 52, 53 and 63 licenses.