CHICAGO — The University of Chicago will offer up about $350 million of taxable and tax-exempt paper this week as it wraps up borrowing for the final phases of a $1.2 billion capital program and gears up for a new fundraising campaign.
The 123-year-old university in Chicago’s Hyde Park neighborhood south of downtown intends to sell about $150 million of tax-exempt debt on Tuesday through the Illinois Finance Authority. Morgan Stanley is senior manager with JPMorgan serving as co-senior manager. Cabrera Capital Markets LLC, Loop Capital Markets LLC, and Northern Trust Securities are co-managers. Chapman and Cutler LLP is bond counsel.