The New School (NY)

CUSIP: 64990CJC6

NAME: The New School (NY)

COUPON: 4.00

MATURITY: 7/1/2043

BONDHOLDER SECURITY: Bonds are a general obligation of the university and payable from pledged revenues, which includes tuition and fees of the university.

USE OF BOND PROCEEDS: Pay for the purchase or acquisition of commercial buildings for future use, refunding all or a portion the school’s Series 2010 Bonds, and pay costs of issuance.

RATINGS: A3/A- (Moody’s/S&P)

OBLIGOR PROFILE: The New School was founded in 1919 and is located in Greenwich Village in New York City. The university has five schools (includes Parson’s School of Design) offering 115 programs for undergraduates and graduate students. Enrollment is approximately 10,400 students, 78% of which attend from outside New York State. The 2016 acceptance ratio was 60% and matriculation ratio 31%.

(Source: Preliminary Official Statement dated October 26, 2016)

 

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