Featured Municipal Bond Issue, Week of April 16th, 2018: University of Dayton Ohio – $118 Million

The State of Ohio is issuing higher educational facility revenue bonds on behalf of the University of Dayton in the amount of $118 million the week of April 16th, 2018. The bonds are broken up into two series. Series A is $68.6 million in proceeds that will be used on various projects, including but not limited to a renovation and upgrade to the UD Arena, the construction of a new 96-bed apartment style facility, and construction of offices and teaching space in the Miriam Cybersecurity Lab. Series B is $49.1 million in proceeds to be used to refund bonds previously issued in 2009. Interest on bonds from both series are considered tax-exempt.

Security for the bonds includes an unconditional guaranty by the University of payment of debt service. Details on the purposes, tax-status, security, as well as other matters pertaining to these State of California bonds can be found in the preliminary official statement, available on MuniOS.



university of dayton ohio

Provided at left (click to expand) is a quick snapshot of financial characteristics of the University of Dayton as of 06/30/2017, compared with the 2016-2017 medians for other U.S. private higher education institutions, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness)In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database.

These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.

by Jeffrey L Garceau