Friday, February 24, 2006

Duke University Places $11 Million Credit Tenant Loan on Research Facility

Private Placement Letter reports that Durham, N.C.-based Duke University has priced an $11 million credit tenant lease deal in the private market last week, sources said. William Blair acted as the sole agent for the transaction. Sources said the deal was backed by a research building and was structured as a single 16-year final/ 11-year average life maturity and was priced at 73 basis points over Treasurys. Duke University is viewed as a NAIC-1 credit. Sphere: Related Content

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