Education
Oct. 31, 2014
Thomas Jefferson law school announces deal to slash debt on bonds
Financially struggling Thomas Jefferson School of Law will sell its $100 million-plus building to creditors and lease it back as part of a deal to cancel defaulted bonds and slash its debt from $127 million to $40 million.
Daily Journal Staff Writer
Financially struggling Thomas Jefferson School of Law will sell its $100 million-plus building to creditors and lease it back as part of a deal to cancel defaulted bonds and slash its debt, the school announced Wednesday.
Under the agreement with bondholders, the San Diego school's annual payments, including for rent and new, smaller bonds, will fall from $12 million to $6 million, while it...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In