Investor Relations Dashboard

Auxiliary Facilities System (AFS)

• $934.8 million outstanding 6/30/2024, $87.3m estimated FY25 debt service
• Credit Ratings (Moody's/S&P): Aa2 / AA-
• Auxiliary Facility System Revenue Bonds have a payment pledge on the following revenue streams: the net revenues of the Auxiliary Facilities System, student tuition and fees, and the Bond and Interest Sinking Fund.
• For Fiscal Year 2023, the Auxiliary Facilities System had total operating revenues of $373 million, and the University of Illinois System had over $1.35 billion in student tuition and fee revenue
• On May 15, 2024, the University priced the Series 2024A and 2024B bonds. Series 2024A were used to fully refund all outstanding Series 2014A bonds for savings, and Series 2024B were used for capital projects on the Urbana-Champaign Campus. The bonds were delivered on June 11, 2024, financing an escrow to redeem the Series 2014A bonds, and reimbursing the University for capital expenditures which have been made.

Certificates of Participation (COPS)

• $30.6 million outstanding at 6/30/2024, $10.7m estimated FY25 debt service
• Credit Ratings (Moody's/S&P): Aa2 / AA-
• Certificates of Participation are payable from legally available non-appropriated University funds (primarily tuition and fees, not to exceed debt service and subject to a prior pledge). The security for each issue of COPs is the underlying physical project.
• The University of Illinois System had $1.35 billion in student tuition and fee revenue for Fiscal Year 2023

Energy Service Contract (ESCO)

• $13.4 million outstanding at 6/30/2024, $4.2m estimated FY25 debt service
• ESCO's are contracts which finance energy conservation measures to existing University facilities.

Health Services Facilities System (HSFS)

• $68.3 million outstanding at 6/30/2024, $3.5m estimated FY25 debt service
• Credit Ratings (Moody's/S&P): A2 / A-
• The bonds are payable from and secured by a pledge of and lien on monies in the Bond and Interest Sinking Fund Account. The Bonds and Additional Parity Debt (as hereinafter defined) issued under the Bond Resolution are payable from and secured by a pledge of and lien on monies, as the following sources: (i) the net revenues of the System, (ii) Medical Service Plan (MSP) revenues in an amount not to exceed in any fiscal year the amount of scheduled debt service payments on the bonds and any mandatory transfers as described in the bond resolution for such fiscal year, and (iii) College of Medicine tuition in an amount not to exceed in any Fiscal Year the amount of scheduled debt service payments on the bonds and any mandatory transfers as described in the bond resolution for such fiscal year, subject to the prior pledge in favor of the Prior Pledge Bonds.
• On October 25, 2023, HSFS Series 2023 refunding bonds were delivered to refund all callable Series 2013 bonds. The $68.325 million Series 2023 bonds have a final maturity on October 1, 2042.
• On May 1, 2024, all outstanding principal of the HSFS Series 2008 and 1997B variable rate debt obligations were optionally redeemed by the University, and the interest rate swap associated with the Series 2008 bonds was terminated.

Public-Private Partnerships (P3)

Public Private Partnerships are a financing mechanism which affords the University the opportunity to leverage the expertise of external developers and financing teams to deliver capital projects at an expedited rate. As of 6/30/2024, the University has entered into four separate P3s financed with bonds issued by the Illinois Finance Authority (IFA) to deliver the projects listed below.

• IFA CHF-Chicago Series 2017AB - $94.86 million of IFA Lease Revenue Bonds issued on 12/19/2017 to finance the construction of the Academic and Residential Commons (ARC) facility at UIC. The ARC hosts 54,000 square feet of innovative instructional and learning space leased by the University while also providing a 548 bed residence hall marketed to UIC students managed by American Campus Communities. The housing bonds are secured by room and board revenue of the facility and respective debt service and principal of the housing bonds are omitted from tables presented above. At 6/30/2024, $28.18 million in principal was outstanding for the academic wing and $60.97 million in principal was outstanding for the housing wing of the facility.
• IFA Provident UIUC 2019 - $71.525 million of IFA Lease Revenue Bonds issued on 5/30/2019 to finance the construction of the Campus Instructional Facility and Feed Technology Center at UIUC. The Campus Instructional Facility provides over 122,000 square feet of innovative and collaborative learning space, including a large 500 seat lecture hall. The Feed Technology Center replaces nearly century old facilities used for research and supplies for the University’s College of ACES, and provides cutting edge technology and equipment. At 6/30/2024, $69.155 million of principal was outstanding on the projects.
• IFA Provident Group - UIC Surgery Center LLC – UI Health 2020 - $149.845 million of IFA Lease Revenue Bonds issued on 8/27/2020 to finance the construction of an outpatient surgery center for the University of Illinois Hospital in Chicago. This new surgical center, totaling 200,000 square feet, is connected to the University of Illinois Hospital and provides state of the art facilities to support the hospital’s operations and care delivery. At 6/30/2024, $147.815 million of principal was outstanding on the project.
• IFA Provident Group-SCCIL Properties LLC; $87.215 million of IFA Lease Revenue Bonds issued on 5/4/2023 to finance the construction of parking and interdisciplinary academic facilities at the University of Illinois Urbana-Champaign. The new learning facility will primarily serve the Gies College of Business and parking structure serve the south campus community. At 6/30/2024, $87.215 million of principal was outstanding on the project.