FINANCIAL_SERVICESAPPROVED

New Mexico Higher Education Department Capital Projects Committee Meeting Minutes January 2026

NMHU Loan Refinancing Approved

$14,295,000New Mexico HED|Higher Education Funding Formula Working GroupNEW MEXICO HIGHLANDS UNIVERSITYJanuary 14, 2026

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Description

New Mexico Highlands University was approved for a $14,295,000 Series 2026 refunding transaction to refinance two existing loans through the New Mexico Finance Authority, using Build America Mutual as surety.

Contract Details

Contract Amount

$14,295,000

Vendor

NEW MEXICO HIGHLANDS UNIVERSITY

Agency

New Mexico HED|Higher Education Funding Formula Working Group, NM

Contract Type

FINANCIAL_SERVICES

Document Date

January 14, 2026

Renewal Info

Consolidates two previously approved refinance items into a single series; uses surety to release cash reserve and lower principal.

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Issuing Agency

New Mexico HED|Higher Education Funding Formula Working Group

State

Santa Fe, NM

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Vendor