Issue Closed – Sullivan County Community College & Sullivan County Community College Dormitory Corporation

GATES Capital Corporation is pleased to announce that it has successfully closed a $10,200,000 (aggregate) financing for Sullivan County Community College and its affiliated not-profit organization the Sullivan County Community College Dormitory Corporation (collectively, “SUNY Sullivan”, “Sullivan” or the “College”). The financing incorporated (i) a taxable term loan and (ii) tax-exempt and taxable bonds issued through the Sullivan Funding Corporation, generating significant cash flow savings.

About SUNY Sullivan:

SUNY Sullivan provides programs and resources that educate, inspire, and empower students and the broader community. Through excellence in teaching and learning, the College prepares students for a diverse and interconnected world, and supports positive economic and social change within Sullivan County and beyond. Sullivan models sustainable actions and promotes socially, environmentally, and economically responsible citizenship through an overarching culture of excellence.

The College’s rural, 405-acre campus is nestled in the scenic Catskill Mountains less than two hours from New York City and Albany. It features a series of nine interconnected buildings plus the Paul Gerry Fieldhouse. It’s campus buildings, including the Seelig Theatre located in the center of the complex, were designed by architectural firm Edward Durell Stone & Associates. Edward Stone was famous for his work on the Museum of Modern Art and Radio City Music Hall in New York City, as well as the John F. Kennedy Center for the Performing Arts in Washington, D.C., among other public buildings and spaces. The Lazarus I. Levine Residence Hall and the EcoGreen Townhouses, both located just steps from campus, provide housing for nearly 400 students.

There are 1,757 students (1,051 full-time and 706 part-time) enrolled at the College, representing a demographically diverse group of individuals. In addition, 60 percent of these students are residents of Sullivan County.

SUNY Sullivan is accredited by the Middle States Commission on Higher Education.

Connect with GATES:

For more information about GATES and how we may be able to assist your organization, please visit our website at or contact the professionals below:

Gregory M. LiCalzi
Executive Vice President
Investment Banking – Public Finance

David W. Barr
Executive Vice President
Investment Banking – Public Finance

Greg LiCalzi, Jr.
Vice President
Investment Banking – Public Finance

Thomas Culhane
Investment Banking – Public Finance