Friends School of Baltimore

Maryland Health and Higher Educational Facilities Authority
Friends School of Baltimore Issue
Series 2004 Bonds (2021 Reissuance)

Wye River Group served as Friends School of Baltimore’s independent financial advisor in connection with the reissuance of its Series 2004 Bonds.


Founded in 1784, Friends School of Baltimore provides a coeducational, college preparatory program guided by the Quaker values of truth, equality, simplicity, community, and peaceful resolution of conflict. By setting high standards of excellence for a diverse and caring community, Friends seeks to develop in each student the spiritual, intellectual, physical, and creative strengths to make a positive contribution to the world. Recognizing that there is that of God in each person, the School strives in all its programs, policies, and affairs to be an institution that exemplifies the ideals of the Religious Society of Friends.


Wye River Group served as financial advisor to Friends School in connection with the reissuance of its Series 2004 Bonds. The specific services provided by Wye River included the (1) evaluation of alternatives regarding the reissuance of bonds, (2) development of a Plan of Finance and (3) negotiation of the pricing and terms on the reissued bonds with the School’s lender.


Friends School secured a long term fixed rate well under 3%. The financing resulted in favorable annual debt service savings without disrupting the School’s existing banking relationship.