The CMFA Issues $95,320,000 of Tax-Exempt Financing for the University of San Diego

Proceeds of the bonds will be used to finance and refinance the acquisition, construction, improvement, renovation and equipping of certain educational facilities and other appurtenant facilities and to refinance outstanding obligations of the University of San Diego which financed certain educational facilities and other appurtenant facilities , all of which are or to be located in the County of San Diego and owned and operated or to be owned and operated by the Borrower.

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