Borrower: Linfield College, founded in McMinnville in 1858, is a private institution of higher education offering students a number of undergraduate degrees in programs covering a wide variety of scholastic disciplines, providing a rigorous education in the liberal arts and selected professional fields.
Amount of Loan: $14,245,000
Closed: July 8, 2015
Purchasing Bank: Wells Fargo Bank, N.A.
Description of Loan: This Project was undertaken (i) to refund the State of Oregon – Oregon Facilities Authority Revenue and Refunding Bonds 2005 Series A (Tax-Exempt), (ii) fund a reserve fund, and (iii) pay other costs of issuance. This was the College’s eighth financing through OFA.
Type of Loan: Traditional Bond – Direct Placement