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Milken-Backed Private School Looks to Muni Market for New Campus

Erin Hudson
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⚡ Quantum Brief
A Michael Milken-affiliated Los Angeles private school plans to issue $63 million in municipal bonds to fund a major campus expansion, refinancing existing debt for a 22-acre site purchase. The Milken Community School, a coed Jewish day school backed by the Milken Family Foundation, aims to triple its capacity with the new facilities. Proceeds will finance infrastructure upgrades and new buildings on the expanded campus, though specific project details remain undisclosed. The move reflects growing demand for elite private education, leveraging tax-exempt municipal bonds to lower borrowing costs for nonprofits. This marks the school’s first major debt refinancing since acquiring the land, signaling long-term growth ambitions in Southern California’s competitive education market.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A Los Angeles private school with ties to famous junk bond investor Michael Milken is looking to sell $63 million in municipal bonds to fund a campus expansion.

Milken Community School, a coed Jewish day school that’s received backing from the Milken Family Foundation, is looking to refinance debt it took on to purchase a 22-acre site that will help the school triple in size. It’s also planning to use the financing to add new facilities.

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Source: Bloomberg Markets

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