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NCAA Soon to Be ‘Entirely Debt Free’ for First Time in Decades

Readies a final, $1.5 million payment to retire a series of 2012 revenue bonds


OCTOBER 9, 2024 | written by STEVE ULRICH

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TOP STORY
1. NCAA Soon to Be ‘Entirely Debt Free’ for First Time in Decades

by Daniel Libit, Eben Novy-Williams, Sportico

“The NCAA has decided that it no longer needs the “AA”—at least when it comes to its outstanding debt.

Last week, the NCAA asked the credit rating agency S&P Global to withdraw its most recent AA bond credit rating. The decision came as the NCAA readies a final, $1.5 million payment to retire a series of 2012 revenue bonds, which would bring to an end a quarter-century saga of financing expenses through municipal debt. The final payment for what started out as $13.5 million in bonds is due May 1.

Once it clears, an NCAA spokesperson says, the organization will be “entirely debt free,” with “no plans to borrow additional funds at this time.”

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