Muhlenberg College Considers Sale of as Much as $45 Million in Bonds

Muhlenberg College is considering the sale of no more than $45 million of debt, according to a legal advertisement in the Allentown Morning Call.

The proceeds would be used for refunding of “all or any portion” of a 2008 bond issue and other purposes, and be sold through the Lehigh County General Purpose Authority, according to the legal notice posted by the authority.

The Allentown college has about 2,200 students. Muhlenberg’s debt was affirmed with an A1 rating and a stable outlook by Moody’s in January 2017.

 

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