Furman University Uses $69.4 Million In JEDA Bonds for Campus Improvements
Greenville, SC — Greenville County
The South Carolina Jobs-Economic Development Authority (JEDA) has issued $69,410,000 in Educational Facilities Revenue Bonds for campus improvements at Furman University.
The bonds will be used to finance the renovation and reconstruction of existing residence halls, apartment-style residential housing, basketball facilities in Timmons Arena and other capital improvements on the picturesque campus on Poinsett Highway in Greenville.
“Modernizing and expanding our facilities is crucial to the marketing of our university and the growing success of our students. We’re happy to once again access favorable financing through JEDA to continue our progress in enhancing the experience for our students, alumni and fans.”
Susan Maddux, Vice President of Finance and Administration at Furman
“Issuing bonds is a complex endeavor. We feel honored to be called upon to help an important South Carolina institution such as Furman University through this process,” said Emily Zackon, Bond Counsel with Parker Poe Adams & Bernstein LLP in Columbia.
“This transaction with Furman continues to build on JEDA’s long legacy of providing attractive, tax-exempt financing that helps empower the higher education community in the Palmetto State to meet its commitment to educate our future leaders,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
