Liberty University announces historic bond sale
December 08, 2010 | Liberty University News Office
Chancellor Jerry Falwell, Jr. announces the news to the local media Wednesday morning.
Liberty University on Tuesday sold $120 million worth of tax-exempt education facilities bonds, which will allow the Lynchburg-based college to usher in a new era of growth and development.
Chancellor Jerry Falwell, Jr. and a contingent of Liberty officials traveled to New York for the sale and pricing of the bonds at its initial public bond offering.
Liberty benefits from a recently acquired AA bond rating from Standard & Poor’s, placing it among the nation’s top 44 S&P-rated colleges and universities for financial strength.
Read the full story at www.liberty.edu/news.