Refinancing Existing Revenue Bonds to Reduce Future Interest Payments

Lower the cost of existing College debt by refinancing it at better terms, saving the College up to $2.8M in future interest and debt expenses, and freeing up roughly $4.0M each year for reinvestment in student learning, workforce training, and campus facilities support

• Reduce PCC's revenue debt costs so that operational funding can go directly to serving students and the community rather than paying interest to lenders
• Strengthen the College’s long-term financial stability and help keep future tuition and fees increases lower

Est. Project Costs: $38,000,000