Webster Bank $26.3M for Hamden Hall Expansion & Refi

Webster Public Finance Corporation (WPFC) refunded Hamden Hall Country Day School’s CHEFA Series A Bonds, generating significant savings on annual debt service and reducing future exposure to an out-of-money swap. The restructuring also freed up capital for campus expansion. Subsequently, Webster Financial Advisors (WFA) financed a CHEFA Series C Bond for upgrades to the Davis Street Middle School Campus, including the new middle school. The financing supported Hamden Hall Country Day School’s growth and increased student enrollment since 2020.

“We worked with the school to take advantage of the low rates prevalent at the time of its refunding while addressing the complexity of integrating its swap liability,” said Lawrence Davis, Managing Director, Webster Public Finance. “These actions contributed to improvements in the school’s balance sheet and operations, while the expanded facilities have been critical in accommodating the school’s growing student body.”

The additional space has allowed Hamden Hall to continue its mission of providing high-quality education, while supporting long-term growth and development.