Middletown’s Wesleyan University is planning a $75-million bond offering that will help fund major campus upgrades to its art, social science, and science academic buildings, officials said. Wesleyan’s Senior Vice President and Chief Administrative Officer and Treasurer Andrew Tanaka said borrowing now will allow Wesleyan to take advantage of historically low interest rates as the school pursues strategic campus investments. In fiscal 2019, the school recorded $231.5 million in revenues and had an operating margin of about $12 million. Its endowment is currently valued at about $1.1 billion.
https://www.hartfordbusiness.com/article/middletowns-wesleyan-university-preps-75m-bond-offering-major-campus-upgrades-planned