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Southeastern University Case Study

Southeastern is a co-educational university with the main campus located in Lakeland, Florida. Proceeds of the Series 2023 Bonds (rated BB / Stable / S&P) were used to (i) refinance five different bank bonds and notes held by a regional institution, (ii) fund a debt service reserve fund and (iii) pay certain costs related to the issuance of the Series 2023 Bonds.