Mirman School to Sell $32 Million in Bonds for Land Purchase and Debt Refinance
Updated
Updated · Bloomberg · Jul 9
Mirman School to Sell $32 Million in Bonds for Land Purchase and Debt Refinance
1 articles · Updated · Bloomberg · Jul 9
Summary
$32 million of municipal bonds are set to be sold Thursday by Los Angeles' Mirman School, a grade school for gifted children.
Proceeds will fund three uses: buying land the school currently leases from the founders' children, acquiring a seven-acre parcel next to its Mulholland Drive campus, and refinancing existing debt.
The adjacent parcel is being purchased from Bel Air Church, expanding the school's campus footprint while reshaping its financing.