Kutak Rock Serves as Underwriter’s Counsel for Augustana University Financing

Kutak Rock served as counsel to the Underwriter in connection with the issuance of $33,905,000 of Lincoln County, South Dakota Economic Development Revenue Bonds (Augustana University Association Project) Series 2026.

Proceeds of the Series 2026 Bonds will: (a) finance and refinance the construction of “Foundation Heights,” a new 103 bed apartment building ($11.7M); (b) refinance the loan on the University’s Midco Arena ($9.07M); (c) finance a remodel of the University’s East/Old Main Engineering Building ($8M); and (d) finance renovations and improvements for two additional residence halls of the University ($3M).

Fred Marienthal and Jennifer Barrett worked on this financing.