bob's red mill

Debt restructuring, Plans for Nutritional Center Take Center Stage at OHSU

The Lund Report
At its board meeting last Friday, a plan was approved to restructure its variable rate debt to a more stable structure

December 6, 2011 – Oregon Health & Science University intends to restructure approximately $210 million of its variable rate debt, and replace old auction rate debt with a more stable funding structure following Friday’s board meeting.

Chief Financial officer Lawrence Furnstahl had urged the board to take advantage of favorable conditions -- annual fees for credit will drop by two-thirds, from 1.80 percent to less than .60 percent for a three-year commitment, saving the university approximately $2 million a year.

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