As the University of Medicine and Dentistry of New Jersey gears up for a long-awaited refinancing, questions continue over its billing and financial practices.

The New Jersey Educational Facilities Authority will issue up to $575 million of refunding debt on behalf of UMDNJ, with Morgan Stanley as book-runner. A preliminary official statement may come out at the end of January or early next month, according to NJEFA executive director Roger Anderson.

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