Amanda Albright

Reporter at Bloomberg News

Reporter at Bloomberg Wealth

Reporter for @business. Opinions my own. [email protected]

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Articles

Brown University taps $300 million loan amid funding threats

1 week ago | bostonglobe.com | Amanda Albright

Brown University entered into a $300 million loan earlier this month as Ivy League schools contend with threats from the federal government to freeze funding. The college initiated a term loan with an unidentified lender, according to a regulatory filing dated April 15. The proceeds will be used for general corporate purposes, giving Brown flexibility to use the funds as it sees fit. The loan, which was incurred on April 11, matures in 2032 and has a 4.86 percent interest rate, the document says.
Trump’s Hit on Elite Colleges Roils Niche Corporate Bond Haven

1 week ago | bloomberg.com | Amanda Albright |Elizabeth Rembert |Josyana Joshua

The Trump administration announced it would cancel $400 million of federal grants and contracts to Columbia University in March. (Bloomberg) -- The Trump administration is ratcheting up its attack on Harvard University and higher education institutions, threatening the safest segment of the US corporate bond market.
Trump’s Hit on Elite Colleges Roils Niche Corporate Bond Haven

1 week ago | news.bloomberglaw.com | Amanda Albright |Elizabeth Rembert |Josyana Joshua

The Trump administration is ratcheting up its attack on Harvard University and higher education institutions, threatening the safest segment of the US corporate bond market. Harvard, which has more than $4 billion of taxable debt outstanding, and other prestigious schools make up the bulk of borrowers in the top-rated corporate bond index, joining Microsoft Corp. and Johnson & Johnson.
Brown University Taps $300 Million Loan Amid Funding Threats

1 week ago | bloomberg.com | Amanda Albright

A gate into Brown University's campus in Providence, Rhode Island. (Bloomberg) -- Brown University entered into a $300 million loan earlier this month as Ivy League schools contend with threats from the federal government to freeze funding. The college initiated a term loan with an unidentified lender, according to a regulatory filing dated April 15. The proceeds will be used for general corporate purposes, giving Brown flexibility to use the funds as it sees fit.
Can Harvard’s Billions Withstand Trump’s Federal Funding Fight?

1 week ago | bloomberg.com | Elizabeth Rembert |Amanda Albright

At Harvard, federal dollars make up 11% of revenue and support research on AIDS, cancer and organ transplants. (Bloomberg) -- Harvard University’s balance sheet — fortified to withstand surprise blows — is facing an unprecedented test as it faces off with the Trump administration. The wealthiest US college has long hoarded cash and built its budget to withstand “shocks” as the Ivy League school put it in its financial statement.
Harvard Built a Shock-Proof Balance Sheet That Trump Now Tests

1 week ago | news.bloomberglaw.com | Elizabeth Rembert |Amanda Albright

Harvard University’s balance sheet — fortified to withstand surprise blows — is facing an unprecedented test as it faces off with the Trump administration. The wealthiest US college has long hoarded cash and built its budget to withstand “shocks” as the Ivy League school put it in its financial statement. It’s armed with pristine credit ratings and a $53 billion endowment — the most of any school.
Harvard Built a Shock-Proof Balance Sheet That Trump Now Tests

1 week ago | news.bloombergtax.com | Elizabeth Rembert |Amanda Albright

Harvard University’s balance sheet — fortified to withstand surprise blows — is facing an unprecedented test as it faces off with the Trump administration. The wealthiest US college has long hoarded cash and built its budget to withstand “shocks” as the Ivy League school put it in its financial statement. It’s armed with pristine credit ratings and a $53 billion endowment — the most of any school.
Former Banker in Congress Sticks Up for Muni-Bond Tax Break

1 week ago | news.bloomberglaw.com | Zach Cohen |Arvelisse Bonilla Ramos |Amanda Albright

A group of Republicans is standing up for the municipal tax-exemption, threatening a possible revenue raiser for their party’s marquee tax bill this year. In a letter addressed to Chairman Jason Smith of the Ways and Means Committee, seven GOP lawmakers on the Financial Services Committee lauded municipal bonds as a “critical tool that has underpinned American infrastructure and community development for over a century.” They warned about the fallout if the exemption were to go away.
Former Banker in Congress Sticks Up for Muni-Bond Tax Break

1 week ago | bloomberg.com | Arvelisse Bonilla Ramos |Zach Cohen |Amanda Albright

Construction workers pour asphalt for road repairs +in Tempe, Arizona. (Bloomberg) -- A group of Republicans is standing up for the municipal tax-exemption, threatening a possible revenue raiser for their party’s marquee tax bill this year.
Trump Ramps Up Harvard Feud With Threat to Tax-Exempt Status (3)

1 week ago | news.bloomberglaw.com | Janet Lorin |Amanda Albright

President Donald Trump escalated his administration’s fight with Harvard University by threatening its tax-exempt status after the school defied the government’s demands to change its policies in exchange for billions of dollars of federal funding. “Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting “Sickness?” Trump posted on Truth Social.