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Gonzaga University Announces Tender Offer Results

On January 22, 2026, Gonzaga University disclosed the results of its recent tender offer, which was launched to provide bondholders with an opportunity to tender their Revenue and Refunding Taxable Bonds, Series 2016A. This initiative was first unveiled on January 5, 2026, and has now reached a critical point as the University has accepted bids from bondholders within specific parameters outlined in the initial invitation.

Tender Offer Details

The tender process allowed bondholders to offer their bonds for cash, focusing on a fixed spread over Reference Yields that relates to the bid side price of applicable U.S. Treasury Reference Securities. The total offering had a maximum limit, or Aggregate Tender Cap, set at $50 million. After the Early Tender Date on January 20, 2026, Gonzaga accepted all valid offers that were submitted. Importantly, any submissions made post this deadline were not considered for purchase.

The determination of Reference Yield and Total Consideration for bonds that were accepted occurred shortly after 10 a.m. New York City time on January 22, 2026, offering a clear framework for bondholders regarding their submissions. The expected date for settlement is anticipated to occur on February 5, 2026, when the University will disburse payments for the Total Consideration alongside any accrued interest for the selected tendered bonds.

Financial Breakdown

Here is a breakdown of one of the bond classes involved in the tender offer:

• - CUSIP No.: 220062AA1
• - Principal Amount Outstanding: $108,275,000
• - Principal Amount Tendered: $3,095,000
• - Principal Amount Accepted for Purchase: $3,095,000
• - Maturity Date: April 1, 2046
• - Interest Rate: 4.158%
• - Reference Yield: 4.844%
• - Fixed Spread: +110 basis points
• - Early Tender Payment: $50
• - Total Consideration: 79.715

This tender offer is notable not only for assisting Gonzaga University in managing its debt service responsibilities, but also highlights the institution's commitment to maintaining open financial communication with its stakeholders.

Forward-looking Statements

The University has cautioned that the statements made in this context may serve as forward-looking statements. These are based on administrative expectations but are inherently subject to various risks, uncertainties, and factors that may influence actual outcomes. Gonzaga emphasizes the importance of reviewing the complete Invitation documentation, which includes crucial insights and conditions relevant to the tender offer.

Contact Information

For additional details, stakeholders can reach out to Morgan Stanley & Co. LLC, the designated Dealer Manager for the transaction, via their contact number provided in the offer documentation. Globic Advisors Inc. serves as the Tender and Information Agent and is also available for inquiries regarding the tender process.

The intent behind sharing these results is not only transparency but also strengthening the relationship between Gonzaga University and its bondholders, ensuring they are well informed of the ongoing developments in the University’s financial landscape. This announcement marks a significant event, reflecting the institution’s strategic financial management and commitment to enhancing bondholder confidence.