Harvard University plans to borrow $750 million from Wall Street amid mounting threats to its federal funding from the Trump administration.
“As part of ongoing contingency planning for a range of financial circumstances, Harvard is evaluating resources needed to advance its academic and research priorities,” a spokesperson for Harvard said in an emailed statement on Monday when asked about the bond sale.
The debt will be taxable, and proceeds will be used for general corporate-purposes, according to bond documents. Goldman Sachs Group Inc. is the sole bookrunner on the transaction.
Bloomberg Industries
By Amanda Albright
April 7, 2025