Track Record - Private Education
Designed for large scale projects, tax exempt bond financing is RIHEBC’s largest component of assistance. Our financings range from $1.2 million for a nursing home to $214 million for a hospital network. To respond to Rhode Island’s growing and changing needs, both the dollar amounts and the scope of the projects underwritten by bonds have increased. Consistently, clients’ proposals have been transformed from hope into reality. Designed to meet larger capital requirements, this program was structured to respond to the needs of major hospitals and educational institutions in Rhode Island.
Private Education
| 2022 | Amount | Borrower | Project Details |
| 11/15/22 | $3,100,000.00 | Paul Cuffee School | Finance miscellaneous school improvements and capital projects. |
| 7/27/22 | $87,220,000.00 | Brown University | Construction, furnishing and equipping of Brook Street Residence Halls and Churchill House; renovation to, furnishing and equipping of Lincoln Field Building. |
| 4/7/22 | $70,950,568.79 | Achievement First Rhode Island | Proceeds of the Series 2022 Notes will be used to finance separate projects which include 1) the purchasing of the current property that houses Achievement First Iluminar (via exercising the purchase option of a long-term lease) and adjacent properties with renovation of such properties including building a gym and field complex; 2) acquiring and renovating a permanent home for Achievement First Providence High School, for students entering from AFRI middle schools; 3) refunding the RIHEBC Series 2019A and 2019B Bonds. |
| 3/15/22 | $8,700,000.00 | Roger Williams University | Refunding 2018 bonds |
| 2021 | Amount | Borrower | Project Details |
| 11/30/21 | $45,320,000.00 | Bryant University | Defease and advance refund of Series 2014 |
| 9/1/21 | $75,030,000 | Rhode Island School of Design | The proceeds of the financing will be used to refinance the Series 2008A and 2008B Bonds and pay for swap breakage and other fees. |
| 8/3/21 | $44,300,000 | St. George's School | Refund certain outstanding bonds and finance various capital projects on the School's main campus. |
| 6/9/2021 | $44,850,000 | Providence College | Refund 2012; Finance new money projects and pay for related costs of issuance.. |
| 3/5/2021 | $15,955,000 | Blackstone Valley Prep Mayoral Academy | Refinance existing debt in relation to the purchasing and improvements of construction, renovations, equipping various school facilities. |
| 2020 | Amount | Borrower | Project Details |
|---|---|---|---|
| 9/23/2020 | $52,905,000 | Rhode Island School of Design | Refund 2012A and 2012B; construction, renovations, equipping various school facilities. |
| 6/01/2020 | $17,990,000 | Portsmouth Abbey School | Refund 2011, 2014 and 2017; construction, renovation, equipping existing facilities. |
| 2019 | Amount | Borrower | Project Details |
| 12/6/2019 | $17,300,000 | Bryant University | Finance the acquisition, construction, renovation, expansion, equipping and/or furnishing of various University facilities. |
| 11/27/2019 | $14,518,500 | Roger Williams University | Refund the University's 2013A bond issue. |
| 7/18/2019 | $54,560,000 | Brown University | Refund the institution's 2009A bond issue. |
| 5/1/2019 | $3,121,000 | Saint Raphael's Academy | Refund the institution's 2015 bond issue. |
| 5/1/2019 | $3,700,000 | Mount Saint Charles Academy | Finance the design, construction, and furnishing of a 19,000 square foot dormitory and the installation of a fire suppression system. |
| 4/26/2019 | $16,000,000 | Blackstone Valley Prep Mayoral Academy | Finance the acquisition of the facility in which the high school facility is currently leased. |
| 2018 | Amount | Borrower | Project Details |
| 12/28/2018 | $5,000,000 | Meeting Street School | Refund the institution's 2017B bond issue |
| 12/12/2018 | $19,800,000 | Board of Education | Finance the health and safety upgrades; repave and reconstruct parking facilities, roadways, and walkways on the University's campuses; and engineering and construction upgrades to campus buildings |
| 10/31/2018 | $20,000,000 | St. Andrew's School | Refund the institution's 2013 bond issue and finance a new dormitory and faculty residential facility |
| 10/19/2018 | $54,950,000 | Rhode Island School of Design | Finance the design, construction, equipping, and furnishing of a new residence hall, renovations and improvements to existing residence halls and academic buildings, and other miscellaneous construction, renovations, and improvements |
| 9/25/2018 | $8,750,000 | Roger Williams University | Finance the design, construction, equipping, and furnishing of a new Engineering Lab on the University's campus in Bristol and finance miscellaneous repairs to the Livingston property |
| 2017 | Amount | Borrower | Project Details |
| 12/22/2017 | $20,000,000 | Meeting Street School | Finance the institution’s campus expansion project |
| 11/22/2017 | $15,000,000 | Portsmouth Abbey School | Finance the design, construction, and equipping ofa science building and renovations to the school’s dining hall |
| 9/28/2017 | $133,215,000 | Board of Education | Finance the construction of a new residence hall, campus infrastructure, and the refunding of the 2009A and 2010B bond issues |
| 7/19/2017 | $141,125,000 | Brown University | Refund Series 2007 and finance the construction, renovation, improvement, equipping, and furnishing of various buildings belonging to the University |
| 3/29/2017 | $46,415,000 | Providence College | Finance the construction and renovation of existing buildings and campus infrastructure |
| 3/1/2017 | $36,450,000 | New England Institute of Technology | Refunding of Series 2010 bond issue |
| 2016 | Amount | Borrower | Project Details |
| 10/18/2016 | $7,300,000 | Roger Williams University | Financing of construction and furnishing of the Maher Center |
| 9/28/2016 | $90,800,000 | Board of Education | New school projects for University of Rhode Island. Refunding of Series 2005 and Series 2008 bond issues for the University of Rhode Island and Rhode Island College |
| 6/15/2016 | $27,000,000 | Moses Brown School | Partial refunding of Series 2000 bond issues. Financing of new school projects |
| 2015 | Amount | Borrower | Project Details |
| 11/13/2015 | $4,825,000 | St. Raphael’s Academy | Refunding of Series 2005 and Series 2006 bond issues |
| 11/13/2015 | $5,073,000 | The Prout School | Refunding of Series 2005 and Series 2006 bond issues |
| 11/13/2015 | $5,207,000 | Bishop Hendricken High School | Refunding of Series 2006 bond issue |
| 10/21/2015 | $45,000,000 | Brown University | Financing of capital improvements. Refinancing of 2012 Commercial Paper Notes and refunding a portion of Series 2005 bond issues |
| 9/22/2015 | $30,000,000 | Johnson & Wales University | Financing of a new health sciences academic building |
| 9/16/2015 | $1,884,000 | St. Philomena School | Partial refunding of Series 2005 bond issue |
| 8/31/2015 | $60,000,000 | New England Institute of Technology | Construction of a new residence hall and improvements to campus |
| 6/24/2015 | $46,910,000 | Providence College | Funding of various capital projects and refunding of Series 2008 bond issue |
| 5/14/2015 | $3,560,000 | Mercymount Country Day School | Refunding of Series 2005 A bond issue |
| 5/7/2015 | $27,500,000 | Salve Regina University | Funding of capital projects and refunding of Series 2006 A bond issue |
| 2014 | Amount | Borrower | Project Details |
| 10/30/2014 | $4,490,000 | Pennfield School | Refunding of Series 2004 bond issue |
| 10/24/2014 | $15,667,000 | Roger Williams University | Refunding of Series 2006 B bond issue |
| 8/28/2014 | $45,000,000 | St. George’s School | Funding of new academic building, refunding of Series 2003 and 2010 bond issues and refinancing of Series 2010 tax-exempt line of credit |
| 6/30/2014 | $2,100,000 | Portsmouth Abbey School | Funding of various capital projects |
| 6/1/2014 | $47,095,000 | Bryant University | Funding of new capital projects |
| 2013 | Amount | Borrower | Project Details |
| 11/26/2013 | $16,375,000 | St. Andrew’s School | Funding of capital projects and refunding of the Series 2010 and 2012 bond issues |
| 11/21/2013 | $138,715,000 | Brown University | Funding of new projects and upgrades as well as refunding of the Series 2003 A bond issue |
| 10/1/2013 | $21,675,000 | Roger Williams University | Refunding of Series 2003 and 2008 B bond issues |
| 9/18/2013 | $8,000,000 | Wheeler School | Funding of new projects |
| 9/16/2013 | $4,725,000 | LaSalle Academy | Refunding of Series 2003 bond issue |
| 5/8/2013 | $51,405,000 | Board of Education | Refunding of Series 1997, 2002, 2003 B, 2003 C and 2004 A bond issues |
| 4/19/2013 | $7,825,000 | Bryant University | Refunding of Series 2002 A bond issue |
| 2012 | Amount | Borrower | Project Details |
| 11/6/2012 | $44,725,000 | Providence College | Refunding of Series 2003 A bond issue |
| 9/20/2012 | $51,815,000 | Rhode Island School of Design | Refunding of Series 2004 D bond issue |
| 6/27/2012 | $118,240,000 | Brown University | Funding of new projects and renovations |
| 4/27/2012 | $3,200,000 | Rocky Hill School | Refinancing of existing indebtedness as well as the funding of new projects |
| 3/16/2012 | $6,500,000 | Immaculate Conception School | Funding of new projects and refinancing of existing indebtedness |
| 3/1/2012 | $28,340,000 | Rhode Island School of Design | Refunding of Series 2001 bond issue |
| 1/11/2012 | $38,940,000 | Providence College | Financing of various new projects and renovations |
| 2011 | Amount | Borrower | Project Details |
| 12/19/2011 | $32,980,000 | Salve Regina University | Refunding of Series 1999 and Series 2001 bond issue |
| 11/8/2011 | $12,025,000 | Roger Williams University | Refunding of Series 2000 bond issue |
| 11/1/2011 | $23,255,000 | Bryant University | Refunding of Series 2001 bond issue |
| 10/3/2011 | $6,100,000 | Portsmouth Abbey School | Refunding of Series 2001 bond issue |
| 8/11/2011 | $70,600,000 | Brown University | Refunding of Series 2001 A and Series 2001 B bond issues |
| 8/4/2011 | $3,500,000 | LaSalle Academy | Funding of new construction and equipment |
| 6/2/2011 | $26,410,000 | Roger Williams University | Refunding of Series 1998 bond issue |
| 2010 | Amount | Borrower | Project Details |
| 12/29/2010 | $8,000,000 | St. George’s School | Financing of various new projects and refunding of Series 2007 Line of Credit |
| 8/1/2010 | $50,000,000 | Brown University | Financing of various capital projects |
| 5/17/2010 | $42,695,000 | Board of Governors for Higher Education | Financing of new construction at the University of Rhode Island |
| 5/7/2010 | $40,000,000 | New England Institute of Technology | Financing of construction costs and repayment of loan |
| 2/3/2010 | $24,005,000 | Board of Governors for Higher Education | Financing of various projects for Rhode Island College and the University of Rhode Island |
| 2009 | Amount | Borrower | Project Details |
| 9/22/2009 | $70,795,000 | Brown University | Financing of various projects |
| 6/18/2009 | $28,520,000 | Board of Governors for Higher Education | Financing of various renovations and upgrades to the University of Rhode Island |
| 2008 | Amount | Borrower | Project Details |
| 11/1/2008 | $37,935,000 | Board of Governors for Higher Education | Refunding of Series 2004 B bond issue |
| 8/1/2008 | $38,000,000 | Roger Williams University | Financing of various new projects |
| 7/1/2008 | $16,120,000 | New England Institute of Technology | Refunding of Series 2004 bond issue |
| 6/1/2008 | $22,935,000 | Roger Williams University | Refunding of Series 2006 A bond issue |
| 4/1/2008 | $18,200,000 | Providence College | Refunding of Series 2003 B & Series 2006 bond issues |
| 4/1/2008 | $50,420,000 | Bryant University | efunding of Series 2005 & Series 2007 bond issues |
| 3/1/2008 | $93,780,000 | Rhode Island School of Design | Refunding of Series 2004 A, Series 2004 B, Series 2006 A, & Series 2006 B bond issues |
| 2007 | Amount | Borrower | Project Details |
| 11/1/2007 | $4,000,000 | St. George’s School | Financing of various new projects |
| 6/1/2007 | $90,010,000 | Brown University | Financing of new projects and refunding of Series 1999 bond issue and outstanding Commercial Paper Notes |
| 6/1/2007 | $20,000,000 | Bryant University | Funding of various new projects |
| 3/8/2007 | $13,680,000 | New England Institute of Technology | Funding of new construction |