Kent State University
|Deal Type||Debt Capital Markets|
General Receipts Bonds
|Client & Transactional Partners||Kent State University||Our Role||Co-Senior Manager|
On January 29, 2020, Kent State University (the “University”) closed $195.4 million General Receipts Bonds, Series 2020, consisting of $22.5 million Tax-Exempt Series 2020A and $172.8 million Taxable Series 2020B Bonds (collectively the “2020 Bonds”). The 2020 Bonds were issued to finance University Facilities, including the construction and improvement of University parking facilities, refund a portion of the University’s outstanding General Receipts Bonds, Series 2012A, dated June 21, 2012 and General Receipts Bonds, Series 2014A dated January 7, 2014 (collectively, the “refunded Bonds”) and pay costs relating to the issuance of the Series 2020 Bonds. The 2020 Bonds were secured by the General Receipts of the University.