Adams State University Trustees approved on Monday the restructuring of $34 million of existing bond debt to take advantage of lower interest rates.
The University will work with North Slope Capital Advisors on the timing of the bond refinance. The refinance will add only one year onto the debt payments. The current bond debt was to be repaid by 2041 and now Adams State will carry the debt into 2042 with a refinance.
A refinance at a lower interest rate will mean debt service savings to the University.
