DePaul Dorm Deal

Shields, Yvette
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p37
Trade Publication
The article focuses on Moody's Investors Service Inc. which assigned Baa2 and Baa3 ratings to two separate series that make up a $75 million issue for the proposed Fullerton Village Project, a new student housing facility for DePaul University in Chicago. The bonds are being sold this month through the Illinois Finance Authority, with MJH Education Assistance Illinois IV LLC acting as the borrower for the project. DePaul and MJH have partnered on several housing projects which keeps the debt off DePaul's books. The rating agency assigned a Baa2 to a $59.9 million senior Series A and a Baa3 to a subordinated $15.3 million series.


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