The Rhode Island Health and Educational Building Corporation (RIHEBC) announced this week that it closed on 12 bond financings and refinancings totaling more than $830 million in fiscal year 2024. The total includes $20 million in Warwick School bonds. The 20-year bonds are rated AA by S&P and carry an all-in interest rate of 4.01%.

 “RIHEBC had a big impact in FY 2024, providing more than $830 million in bond financings,” said Executive Director Dylan Zelazo. “From $300 million to allow Lifespan to upgrade Miriam and Rhode Island Hospitals, to $130 million for facilities upgrades at Bryant University, to $290 million for public school facilities projects across the state, we are helping our state’s health and educational institutions invest in their facilities and meet their missions.”

“Our performance in FY 2024 once again demonstrates RIHEBC’s commitment to serving our state’s health care, educational and non-profit cultural organizations who are investing in their facilities,” Board Chair Channavy Chhay said in a release. “In addition to our bond financing, we were also pleased to have made over $500,000 in low-cost loans to smaller Rhode Island organizations including the Rhode Island Computer Museum, Higher Ground International and Justice Assistance to upgrade their facilities.”