The Daily Gazette
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Skidmore College gains approval to refinance $41.5M in debt

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Skidmore College has been approved to refinance $41.5 million in existing debt through the Saratoga County Capital Resource Corp. Skidmore plans to refinance the $13.4 million balance on bonds issued in 2003 through the Saratoga County Industrial Development Agency, and nearly $28 million in 2004 bonds issued by the state Dormitory Authority. Because interest rates are now lower, Skidmore Treasurer Michael West said the college hopes to save $2.5 million in interest costs over the ...

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