By Chris Wack
The University of Washington is selling $211.8 million in general revenue and refunding bonds.
The proceeds from the 2025 A bonds will be used to pay for costs or refinance university projects, and refund certain outstanding obligations, according to a preliminary official statement posted Wednesday on MuniOS.
The bonds will mature April 1 of each year, from 2026 to 2045.
The bonds are special fund obligations of the university, payable solely from general revenue and money and investments that are deposited into a special fund designated as the General Revenue Bond Redemption Fund, 2025 A. A portion of debt service will be paid from building fees and money and investments in the University of Washington Bond Retirement Fund.
Moody's assigned a rating of Aa1 to the debt. S&P Global Rating gave it an AA+ rating.
Goldman Sachs and Barclays are the lead underwriters on the transaction.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 06, 2025 13:15 ET (18:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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