Skip to main content

Sacred Heart University Issue, Series I

Borrower: 
Sacred Heart University
Par Amount: 
$160,655,000
Purpose: 

Bond proceeds financed the advance refinancing of the University's 2012 Series H bond issue and the payoff of an existing construction line of credit, and new money projects for a new 176-bed residential facility, a new athletic facility and the Radio Station/Public Safety Building.  The bond issue consists of tax-exempt and taxable components.  The net present value savings for the Series I-1 issue was over $360,000, or 3.4%

Underwriter/Placement Agent: 
Bank of Amerida Merrill-Lynch
Closing Date: 
November 22, 2017
Final Maturity: 
July 1, 2042
Yield: 
Series I-1: 3.88% Series I-2: 3.07%

For further information, search EMMA for this issue.