CHICAGO–(BUSINESS WIRE)–Roosevelt University, a leading higher education institution dedicated
to social justice and to making higher education available to all
students who qualify academically, regardless of their background, today
announced that it has completed a successful debt restructuring that
provides significant relief from debt service obligations and allows the
University to reallocate funds towards completion of its turnaround
plan. The refinancing, which closed in late September, included
refunding of $195 million of debt.
The bonds were issued by the Illinois Finance Authority and placed with
Dallas-based Preston Hollow Capital. Wells Farg…
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