Education
NYC Girls Private School Chapin Cuts Debt After Campus Expansion
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NYC Girls Private School Chapin Cuts Debt After Campus Expansion An all-girls private school on New York’s Upper East Side attended by Jacqueline Kennedy Onassis tapped the municipal bond market to refinance some of the debt it’s taken on to expand its campus. The Chapin School, which teaches 835 girls from kindergarten through grade 12, borrowed $25 million this week.
NYC Girls Private School Chapin Cuts Debt After Campus Expansion
An all-girls private school on New York’s Upper East Side attended by Jacqueline Kennedy Onassis tapped the municipal bond market to refinance some of the debt it’s taken on to expand its campus.
The Chapin School, which teaches 835 girls from kindergarten through grade 12, borrowed $25 million this week. It will use the cash to refinance half of $50 million in revenue bonds that mature in less than two weeks, and the school will use its own funds to repay the rest.