Jefferson

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The Franciscan University of Steubenville

Issuer(s)
Investment Amount(s)
(in millions)
Closing Date
County
Jefferson

The Franciscan University of Steubenville and the Jefferson County Port Authority are requesting the assistance of the Authority to refinance certain outstanding debt of the University.  The outstanding debt was previously incurred for a variety of capital projects at the University located in the City of Steubenville.  To assist the University, the Authority will issue approximately $21,000,000 of revenue bonds and loan the proceeds of the revenue bonds to the University to refinance its outstanding debt.  The Bonds will be issued under a Trust Agreement with U.S. Bank National Association acting as bond trustee.  The University is within the territorial jurisdiction of the Jefferson County Port Authority and the Authority and the Jefferson County Port Authority will enter into a Cooperative Agreement permitting the Authority to exercise powers in Jefferson County.