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Lincoln Center Pays $73 Million to End Swaps

The nonprofit entered the transactions in 2006 and 2008 to provide fixed-rate predictability for a variable-rate bond issue.

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Lincoln Center for the Performing Arts, which dismissed or furloughed 200 employees after canceling performances because of the pandemic, is borrowing $73 million to end derivative trades with Morgan Stanley and Bank of New York Mellon Corp.

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