Higher education bonds

The low-rated, Phoenix-based university turned to a public debt sale after refinancing maturing outstanding bonds with bridge loans.

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

Pressure on the state budget level is being felt by both the University of California and California State University systems.

The 10 largest underwriters of education issuance in the first half of 2024 accounted for $48.172 billion.

The Metropolitan College of New York wants to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment

The 10 largest issuers of education issuance in the first half of 2024 accounted for $15.219 billion.

Education issuance in the first half of 2024 rose 27% year-over-year, increasing to $64.516 billion across 1,646 issues from $50.796 billion in 1,559 transactions from 1H 2023.

The higher-ed sector, already facing internal pressures, could face scrutiny over its tax-exempt status during tax reform next year.

Xavier University in Ohio is the latest private Midwest college to face bad financial news -- downgrades from two bond rating agencies -- but it's not alone.

The University of Arizona, which was hit with negative rating outlooks earlier this year, scheduled a debt refunding led by Morgan Stanley for Wednesday.

The University of the Arts, a private college in Philadelphia that abruptly closed its doors in June, filed for Chapter 7 bankruptcy.

Full Moon Capital will focus on mid- and smaller-sized specialty credits that are looking to grow.

Mount Saint Mary College in New York saw its bond rating downgraded to BBB from BBB-plus by Fitch Ratings after persistent declines in student enrollment.

Ohio's Eastern Gateway Community College has entered into conservatorship and will dissolve and close after a litany of problems and financial red flags.

The rating agency estimated the cost of college and university capital needs at $750 billion to $950 billion over the next decade.

Detroit-based Wayne State University will return to market with $31.7 million of general revenue refunding bonds, with proceeds refunding outstanding bonds.

The private Massachusetts college is partnering with the Collegiate Housing Foundation to address a good problem for a Northeast school to have: rising demand.

In an environment characterized by dwindling enrollment, slowing revenues, and the end of COVID-19 federal aid, small private universities are struggling to remain afloat.

Higher education is facing serious headwinds, and many leaders within the sector see P3s as an avenue for innovation and efficient operation.