Takeaways by Bloomberg AI
- A historic Pittsburgh private school is looking to borrow $30 million in the municipal bond market for campus upgrades as it fights for students.
- The school, Shady Side Academy, is turning to the muni market for financing to construct a new middle school facility and make improvements to its upper campus.
- The academy has grown its student body by 24% since fall 2019, but has lost an average 6% of its students annually over the past five years, and is aiming to enroll 1,327 students by fall 2030.
Bloomberg Markets
By Erin Hudson
August 4, 2026