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Greenwich Academy Issue, Series F

Borrower: 
Greenwich Academy
Par Amount: 
$27,900,000
Purpose: 

Bond proceeds financed construction and equipping of a new approximately 39,200 square foot, 3-story Lower School building; a 7,400 square foot addition to the Middle School; a 7,000 square foot visual arts center; renovations to the daycare-preschool facility and faculty housing; and other construction and renovation projects on the School's campus.

The transaction was structured as a fixed rate draw-down isue.

Underwriter/Placement Agent: 
George K. Baum
Private Placement - First Republic Bank
Closing Date: 
August 22, 2019
Final Maturity: 
August 22, 2049
Yield: 
Series F-1: 1.90% Series F-2: 2.20%
Anticipated Board Approval: 
Wednesday, June 19, 2019

For further information, search EMMA for this issue.