University Of Findlay Refinances Debt
3/29/19 – 9:20 A.M.
The University of Findlay took steps to secure finances for the long term this week. The school announced its first public bond issuance. UF secured more than $39.3 million in Ohio Higher Educational Revenue Bonds through the Ohio Higher Educational Facility Commission.
The University will use the money from the bonds to refinance outstanding debt obligations. In a statement, vice president of business affairs Thomas Lause said, “this is a significant step forward for the University of Findlay as we continue executing our plan for growth and increased regional distinction.” Lause adds that before the bond the school’s debt was “very biased toward short term debt with variable interest rates and having an excess concentration with one financial institution.”