JEDA Issues $43 Million in Bond Refunding for Furman University
Greenville, SC — Greenville County
The South Carolina Jobs-Economic Development Authority (JEDA) issued $43,080,000 of revenue bonds for Furman University to refinance prior debt used to finance previous investments at the University’s campus.
The Educational Facilities Revenue Refunding Bonds will be used to refinance tax-exempt bonds issued in 2015 and 2020 which financed upgrades and expansions at the 750-acre campus on Poinsett Highway near Travelers Rest in the Blue Ridge Mountains foothills.
“As South Carolina’s oldest private university, Furman has been preparing students for lives of purpose and impact since 1826. Access to favorable, tax-exempt financing terms through JEDA allows us to continue to invest in a student experience that blends intellectual challenge, personal growth, and community in ways few institutions can match.”
Susan Maddux, Chief Financial and Administrative Officer at Furman University
“This financing reflects the ongoing partnerships between South Carolina’s colleges and universities and the state’s bond programs, helping institutions like Furman University invest in their future while keeping investment costs sustainable. We are pleased we could play a role in this latest transaction,” said Gary Pope, Bond Counsel with Pope Flynn in Columbia.
“We’re proud to support Furman University through bond issues that strengthen higher education in South Carolina by making long-term investments more accessible,” said Jesse A. Smith, Executive Director of JEDA in Columbia. “This work builds on JEDA’s long history of helping institutions across the state grow, adapt, and continue serving South Carolinians for generations.”
