Georgetown to Tap Market for Housing With $300 Million Bond (1)

Georgetown University plans to tap the capital markets to help finance student housing projects on its 104-acre Washington DC campus to accommodate a growing number of students.

The school, which boasts alumni like former Supreme Court Justice Antonin Scalia and President Bill Clinton, plans to sell $300 million of taxable bonds in a sale underwritten by Barclays Plc. Proceeds of the bonds will be used to fund student housing projects and to refinance existing debt, according to preliminary bond documents. The deal is expected to price the week of April 3 at the earliest, according to investor roadshow ...