Milken-Backed Private School Taps Muni Market for New Campus

A Los Angeles private school with ties to famous junk bond investor Michael Milken is looking to sell $63 million in municipal bonds to fund a campus expansion.

Milken Community School, a coed Jewish day school that’s received backing from the Milken Family Foundation, is looking to refinance debt it took on to purchase a 22-acre site that will help the school triple in size. It’s also planning to use the financing to add new facilities including an innovation lab, specialized classrooms for subjects like architecture, fashion and design, and a golf simulator.