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Kutak Rock Serves as Counsel to Underwriter for Hawai’i Pacific University Refinancing

News | June 26, 2024


Kutak Rock served as counsel to the Underwriter of the Department of Budget and Finance of the State of Hawaii Special Purpose Refunding Revenue Bonds (Hawai‘i Pacific University Project) Series 2024 issued in the aggregate principal amount of $35,730,000.  Proceeds of the Series 2024 Bonds were utilized to refinance indebtedness which financed in 2013 in Honolulu, Hawaii (i) the College of Business and other academic facility relocation to the Aloha Tower Market campus, (ii) student housing at the Aloha Tower Market campus, (iii) Upper Fort Street Campus improvements, (iv) landscaping and ground floor improvements at the Aloha Tower Market campus, and (v) computer and software system improvements.  Founded in 1965, Hawai‘i Pacific University is a co-educational, independent, and non-sectarian university located in Hawai‘i.  HPU is Hawai‘i’s largest private, non‑profit university, with more than 4,700 undergraduate and graduate students (headcount).

Fred Marienthal, Ryan Jardine, and Meredith Riley worked on this financing.