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Upper Darby SD says 2024 bond sale settled; about $35 million available for Clifton Heights project
Summary
Finance and Operations Committee received an informational update that the district’s 2024 general obligation bond priced and settled this week, producing roughly $35 million in net proceeds to fund construction of Clifton Heights Middle School and future capital work.
The Upper Darby School District Finance and Operations Committee heard an informational update on the district’s 2024 general obligation bond issuance, which priced in mid‑September and settled the same day as the committee meeting. Craig Rogers, staff member for the district, said the bond’s pricing produced a 3.705% yield on the 30‑year issuance and netted the district just over $35,000,000 in cash for construction needs.
The report matters because the proceeds are earmarked to support the Clifton Heights Middle School construction and to provide cash flow for…
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