University of Washington to Offer $211.8M in General Revenue, Refunding Bonds

Dow Jones

Feb 07, 2025

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)

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