Financing and Debt Management

The Office of Finance & Treasury is responsible for managing the capital structure of the University and providing cost effective solutions for the financing of capital projects on either a short-term or long-term basis. This may include the issuance of taxable and tax-exempt bonds, commercial paper, bank credit facilities, and working capital lines of credit. The Office is also responsible for the management of investment banking relationships and the relationship with credit rating agencies.

The University borrows periodically in the long-term, tax-exempt credit market by issuing bonds through the California Educational Facilities Authority (CEFA). It may also secure various lines of credit for short-term borrowing needs. Please refer to the footnotes in the The University of San Francisco's audited financial statements for further details. All borrowings must be approved by the University’s Board of Trustees. The University has established a debt policy that governs the University’s financing transactions as well as its use of derivative products. The University maintains a credit rating with Moody’s Investors Service (Moody’s), which will be updated on a periodic basis. The most recent written confirmation of the University’s credit rating was issued in June 2024.

Please contact Stacy Lewis, Associate Vice President for Finance & Treasury, for additional information.