New York Law School Selling $135M to Fund New Facility

Whalen, Robert
June 2006
Bond Buyer;6/26/2006, Vol. 356 Issue 32410, p38
Trade Publication
The article reports on the selling of the insured auction-rate securities of an independent law school in New York. It is reportedly be marketed in two evenly divided series companies. The said move of the school was motivated by its plan to help finance the new academic building in Manhattan. It also helps the school save in the borrowing costs and it does not impose any administrative burdens. The school executive further added that it is a transformative moment for the law school.


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