Touro University gets $2M or campus projects after bond sale

Stefanie Botelho's picture

Touro University Nevada has taken part in a nearly $150 million bond sale to refinance existing debt and get some money for campus projects.

The Henderson medical school and three sister campuses—one in the San Francisco Bay area and two in New York—recently banded together to borrow $148.1 million. The Southern Nevada campus got about $40 million.

Officials spent $38 million of that to pay off existing loans, giving Touro more predictable though not necessarily cheaper interest rates.

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