Gilman School

Founded in 1897 as the nation’s first country day school, Gilman is a private college preparatory for boys in kindergarten through grade 12. Gilman serves families from a broad variety of neighborhoods in the greater Baltimore, Maryland metropolitan area and seeks to produce men of character and integrity who have the skills and ability to make a positive contribution to the communities in which they live and work.

$35,500,000
Maryland Health and Higher Educational Facilities Authority

Revenue Bonds

Gilman School Issue (2014) (2020 Reissuance)

Wye River Group Served as Gilman’s Independent Financial Advisor for this Transaction

Project Overview

Gilman restructured its Series 2014 Bonds to defer principal amortization and adjusted its interest rate swap, reducing the School’s cost of capital.

Financing Overview

Wye River worked with Gilman’s lender and the School to restructure Gilman’s Series 2014 Bonds as well as its interest rate swap. The School secured an interest-only period of 15 years and re-amortized its debt out 30 years.

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