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Facing funding cuts, Cornell, Brown look to short-term borrowing for cash

Business Standard LogoBusiness Standard4d ago

Facing funding cuts, Cornell, Brown look to short-term borrowing for cash - Business Standard

Quick Summary:

Princeton said it’s considering selling $320 million of taxable debt later this month.“It’s a strategic and very fiscally astute decision to shore up any liquidity that they have due to the extreme uncertainty that’s going on,” she said.“Money is always somewhat fungible.

The school plans to replace an existing $1 billion tax-exempt program with commercial paper notes.

Commercial paper is a short-term financing tool widely used by companies, governments and colleges to fund infrastructure and other projects.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 06:56:40 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27594934

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 257 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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