RADNOR, Pa. (July 12, 2017)—After earning a strong BBB+ rating from Standard & Poor’s (S&P) in its first-ever, long-term financial rating, Cabrini University has refinanced its existing debt as it advances its strategic plan for campus.
The strong S&P rating positioned Cabrini to refinance, providing an opportunity to allocate resources to support initiatives of the Campus Master Plan. The plan includes enhancements to campus infrastructure, academic environment, spiritual development, and student life.
“The S&P rating, the decision to refinance, and receiving impactful grants allow Cabrini to make significant progress on key components of its campus plan,” said Brian Eury, Chief of Staff and Vice President of Community Development and External Relations. “With the completion of the Nerney Pavilion, we’re now focusing on creating a more pedestrian-friendly campus that further highlights the beauty of the Woodcrest estate for our students, community members, and visitors.”
Advancing the campus master plan initiatives, Cabrini will break ground on a new parking structure located on the east side of campus. This will limit traffic in the center of campus, redirecting vehicles to the perimeters of campus, to further improve campus safety and create a truly ADA friendly campus.
The next phase also incorporates the replacement of an older residence hall, or “house,” which will accommodate the high demand for on-campus student housing as Cabrini continues to restore its undergraduate enrollment.
“These long-term objectives help us better serve the entire Cabrini community while being a conscientious neighbor,” said Eury. “It helps us strategically improve our facilities and resources in a way that thoughtfully enhances what’s already here.”
For more information on Cabrini’s campus-wide initiatives, visit cabrini.edu/masterplan.
About Cabrini University
Founded in 1957 by the Missionary Sisters of the Sacred Heart of Jesus, Cabrini University is a Catholic institution that empowers students to become advocates of social change through an Education of the Heart, focusing on academic excellence, community engagement, and leadership development.
Cabrini enrolls approximately 1,500 undergraduates in more than 35 majors, pre-professional programs, concentrations, and minors on its serene 112-acre campus located 30 minutes from Philadelphia. The University also enrolls 900 students in graduate, doctoral, and professional studies programs at its main campus in Radnor, PA, online, and at several off-campus locations.