California State Treasurer Fiona Ma announced the approval today of the sale of up to $68 million in revenue bonds for Chapman University.
The sale was approved by the California Educational Facilities Authority (CEFA), chaired by Treasurer Ma. Proceeds of the bonds will be used by Chapman to refund its prior debt issued through CEFA, as well as to fund the costs of issuance.
“I am so pleased that we can help Chapman University refinance their debt and save money so they can contribute more on furthering their dedication to educating students,” said Treasurer Ma.
The offering is expected to occur later in March. The underwriter is Wells Fargo Bank, NA. Details will become available once the offering is scheduled by the underwriter.