Montana Selling $63.5M in General Revenue Bonds for University Residence Hall

Dow Jones

2025/03/10

By Chris Wack

The Board of Regents of Higher Education for the State of Montana will be selling $63.5 million of general revenue bonds with proceeds set to pay for designing and building a new 600-bed residence hall at University of Montana at Missoula.

The board said the Series 2025 revenue bonds are special, limited obligations payable from pledged revenue of the University of Montana, according to documents posted Monday on MuniOS.

The tax exempt offering is expected to price on March 13 and close on April 8.

The securities will mature from 2029 through 2055. The bonds will be payable semiannually on each May 15 and Nov. 15, beginning Nov. 15, 2025.

Proceeds will also be used to pay for equipping and furnishing the new residence hall, as well as other capital projects.

The University of Montana is a multi-campus university with about 16,000 students at four campuses. The campuses provide undergraduate and graduate academics.

Moody's rated the bonds Aa3.

Morgan Stanley is listed as the offering's lead manager.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

March 10, 2025 11:01 ET (15:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The bonds will be payable semiannually on each May 15 and Nov. 15, beginning Nov. 15, 2025. \n\n\n  Proceeds will also be used to pay for equipping and furnishing the new residence hall, as well as other capital projects. \n\n\n  The University of Montana is a multi-campus university with about 16,000 students at four campuses. The campuses provide undergraduate and graduate academics. \n\n\n  Moody's rated the bonds Aa3. \n\n\n  Morgan Stanley is listed as the offering's lead manager. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 11:01 ET (15:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}