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Independent Schools

The Taft School Issue, Series J

Bond proceeds financed renovations to the School's dormitory buildings.

South Kent School Issue, Series A

Bond proceeds were used to finance the construction of a hockey rink, and to refinance a commercial bank loan.

Xavier High School Issue, Series A

Bond proceeds were used for the construction and equipping of a fine arts building, and various renovations to the School's campus and buildings.

Kent School Issue, Series G

The bonds were used to refund the School's 2004 Series D issue, which achieved a 11.5% net present value savings on the refunded bonds.

Choate Rosemary Hall Issue, Series E

Bond proceeds provided for the refunding of the School's 2008 Series C bond issue.

Hartford Business Journal, "CHEFA Set to Boost Nonprofit Funding" article - 12/21/2009

HBJ's Greg Bordonaro recently interviewed Jeffrey A. Asher on CHEFA's financing options, and what the Authority is doing to meet the needs of nonprofits in Connecticut.

To read the article, visit

Hopkins School Series C Press Release, December 12, 2009

Click on attachment for press release

Ethel Walker School Reduces Interest Rate Risk with CHEFA Bond Issue

The Ethel Walker School has closed an $8.2 million tax-exempt bond issue through the Connecticut Health and Educational Facilities Authority (CHEFA).  Proceeds of the bond issue were used to refinance the school’s existing bonds.  The refinancing allowed the school to convert its existing debt from a variable rate to a fixed rate and significantly reduce its interest rate risk.

Westminster E Tefra Hearing

Event Date: 
10/17/2007 - 10:00am to 10:30am

Westminster E Tefra Hearing

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