Loyola, U. of Chicago Get Ready For Summer Sales Worth $350M

Shields, Yvette
June 2003
Bond Buyer;6/10/2003, Vol. 344 Issue 31653, p1
Trade Publication
This article reports on the plan of the University of Chicago and Loyola University Chicago in Chicago, Illinois to enter the securities market in 2003. Loyola has steadily improved its operational deficit from 35 million dollars in fiscal 2001 to 12 million dollars at the close of fiscal 2003 in June and is on track to eliminate the deficit altogether by the close of fiscal 2004. The Illinois Educational Facilities Authority gave a 31 million dollar refunding for Illinois Wesleyan University, and a 50 million dollar refunding for MGH Capital Education and Health Care Assistance Foundation, a nonprofit whose Illinois subsidiary borrowed funds for an off-balance-sheet transaction with DePaul University.


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