Post by Logan on Jun 25, 2016 4:58:23 GMT -6
Restructuring $54 million in long-term debt is the key obstacle in a potential deal between Dowling College and Global University Systems, as the Oakdale liberal arts school faces crucial decisions with its creditors and its accrediting agency, sources said.
“Creditors are putting a lot of pressure on the college,” said one person close to the situation. Officials with the 48-year-old private...
Read more: www.newsday.com/long-island/long-term-debt-is-key-obstacle-to-potential-dowling-college-deal-1.11964232 (subscription required)
“Creditors are putting a lot of pressure on the college,” said one person close to the situation. Officials with the 48-year-old private...
Read more: www.newsday.com/long-island/long-term-debt-is-key-obstacle-to-potential-dowling-college-deal-1.11964232 (subscription required)