Diocese of Orlando

Founded in 1968, the Diocese of Orlando covers a 9-county area in Central Florida. Currently, the Diocese has 80 parishes and 11 missions with 392,000 Catholics served. The Diocese’ education ministry includes: 30 Catholic elementary schools, 5 Catholic high schools, 1 Catholic special education school, and 11 Catholic early learning centers with total enrollment of over 13,000 for the 2020-2021 school year; additionally, there are 17,000 students enrolled in parish-sponsored religious education programs.

Orange County Industrial Development Authority
Industrial Development Revenue Bonds
(The Catholic Diocese of Orlando, Florida and Catholic Charities of Central Florida, Inc. Projects)
Series 2021 A & B

Wye River Group served as the Diocese of Orlando’s independent financial advisor for this transaction.

Project Overview

Wye River Group served as the financial advisor for the Diocese in connection with 1) the refinancing of its existing Series 2010A, 2010B, 2012A and 2012B Bonds, 2) the termination of interest rate swaps related to each of the existing Bonds, and 3) the reimbursement of the Diocese for the construction of certain capital improvement projects. The Diocese sought to reduce its debt service burden and simplify its capital structure by replacing its existing synthetic fixed rate debt with fully amortizing, conventional fixed rate debt.

Financing Overview

Wye River Group conducted a competitive solicitation of over a dozen commercial lenders. Multiple highly competitive proposals were received pursuant to that effort. The Series 2021 Bonds were issued through the Orange County Industrial Development Authority and structured with a 17 year, fully amortizing conventional fixed rate in the low 2% range.

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