|Deal Type||Debt Capital Markets|
$26.9 Million Tax-Exempt Series 2019
Higher Educational Facility Revenue Bonds
|Client & Transactional Partners||Tiffin University||Our Role||Sole Manager|
On October 10, 2019, KeyBanc Capital Markets ("KBCM") priced $26.9 million Higher Education Facility Revenue Bonds (Tiffin University Project) (the “2019 Bonds”). The 2019 Bonds were issued to (i) refund the Tiffin University’s (“Tiffin” or the “University”) Series 2013A and 2013B Bonds (the “2013 Bonds”); (ii) fund various new money projects on the University’s campus, including an $8.0 million new Science, Technology, Engineering, Applied Arts and Math (“STEAM”) building, and other capital improvements on campus; (iii) fund a Debt Service Reserve Fund; and, (iv) pay certain costs of issuance.