By Chris Wack
The District of Columbia plans to sell $156.3 million of bonds with proceeds slated to refund the Catholic University of America.
The District is selling $93.1 million in tax-exempt Series 2025 A revenue and refunding bonds, and $63.2 million in taxable Series 2025 B revenue and refunding bonds, according to documents posted Friday on MuniOS.
The university will use the proceeds to funds capital improvements, and refund Series 2015 and 2017 refunding revenue bonds, among other things.
Interest on the bonds will be payable semiannually, on April 1 and Oct. 1, starting in October 2025. Interest rates and yields have not yet been determined.
The Series 2025 bonds are special obligations of the District of Columbia, payable solely from the receipts and revenue of the district.
The Catholic University of America is an independent, non-profit, co-educational institution of higher education with about 3,200 undergraduate and 2,000 graduate students, located in northeast Washington, D.C.
S&P Global has assigned the debt a rating of A-.
Goldman Sachs is sole manager on the transaction.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 19, 2025 11:45 ET (15:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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