Directive 2022-011

Kent State University requests the authority to pledge fees in support of a fixed rate bond in
an aggregate amount not to exceed $55 million. The proceeds of the bonds will be used for
the acquisition of the building and land currently under a capital lease with the Portage County
Port Authority and the refinancing of existing debt in an effort to level debt service structure.

Type: 
Capital & Operating
Category: 
Fee Pledge Request
Institution: 
Kent State University
Comments Period: 
Thursday, May 26, 2022 - 8:00am to Friday, June 10, 2022 - 8:00am
Status: 
Approved
Number: 
2022-011
Approved Date: 
Friday, June 10, 2022