Gilman School

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.