The CMFA Issues $126,680,000 in Tax-Exempt Financing for La Verne University

The University of La Verne (the “University”) is an independent, nonsectarian institution of higher education founded in 1891 as Lordsburg College by members of the Church of the Brethren. Renamed La Verne College in 1917, it was reorganized as the University of La Verne in 1977.

The CMFA issued $203,800,000 in tax-exempt bonds for the University and the proceeds of the Bonds will be used to finance the acquisition, construction, installation, improvement, renovation, rehabilitation, furnishing, and equipping of certain educational facilities owned and operated and to be owned and operated by the University of La Verne, refund the outstanding California Municipal Finance Authority Refunding Revenue Bonds (University of La Verne) Series 2015 (the “2015 Bonds”), the outstanding California Municipal Finance Authority Revenue Bonds (University of La Verne) Series 2010A (the “2010A Bonds”), and the outstanding California Municipal Finance Authority 2013 Tax-Exempt Loan (University of La Verne) Series 2013 (the “2013 Loan”).

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