CHICAGO The Illinois Finance Authority this week advanced borrowing plans for a handful of nonprofits including $125 million for Northwestern University, which is undertaking nearly $1 billion in campus improvements, and $180 million for Advocate Health Care Network to finance its acquisition of Condell Health Network.

Northwestern received final approval for its plan to issue this month up to $125 million of new-money, variable-rate bonds to finance campus improvements the school wants to quickly embark on following the end of the current semester. The projects total about $975 million and include $255 million for construction of a new Kellogg School of Management and $100 million for student housing improvements. The university will tap cash and other unrestricted grant funds to cover the full costs.

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