TITLE

Western Michigan University Eyes $68M Offering

AUTHOR(S)
Devitt, Caitlin
PUB. DATE
May 2011
SOURCE
Investment Dealers' Digest;5/20/2011, Vol. 77 Issue 19, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Western Michigan University (WMU) and its Board of Trustees have eyed on the 68 million dollars new money-debt offering in May 2011. Accordingly, the loan proceeds will be used in the financing of three major projects and to refund worth 15.6 million dollars of outstanding 2001 bonds. It adds that the new borrowing will drive WMU's outstanding debt to 314 million dollars and all in a fixed rate mode.
ACCESSION #
60839396

 

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