Pennsylvania County to Sell $65.1M in Revenue Bonds for Dickinson College

Dow Jones

01/09

By Chris Wack

The Cumberland County Municipal Authority in Pennsylvania plans to issue $65.1 million in revenue bonds to lend to Dickinson College.

Dickinson said it plans to use the proceeds from the sale of the 2026 bonds to refund debt, and finance various capital improvements on its campus, according to documents posted on MuniOS.

The college said it plans to use some of the funds to design, renovate and improve the Holland Union Building and purchase and installation of a cloud enterprise planning system.

Maturities range from 2044 to 2056. Interest on the bonds is payable semiannually, starting on May 1.

The bonds are limited obligations of the authority. The bonds will be secured by money and investments from time to time on deposit in certain funds and accounts.

The Cumberland County Municipal Authority is authorized to issue bonds or other obligations to finance projects for eligible educational institutions.

Dickinson College is a Pennsylvania nonprofit corporation located in Carlisle, Pa. As of Fall 2025, about 91% of Dickinson's students live on campus.

S&P Global has rated the bonds A+.

Morgan Stanley is listed as lead underwriter.

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

(END) Dow Jones Newswires

January 09, 2026 10:58 ET (15:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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