University of Massachusetts Building defeases 2009-1 project revs

By Tali Rackner

Norfolk, Va., April 14 – The University of Massachusetts Building Authority defeased its senior series 2009-1 project revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest on May 1, 2019:

• $17.5 million of 5% notes due May 1, 2022;

• $18.38 million of 5% notes due May 1, 2023;

• $10 million of 5% notes due May 1, 2024;

• $2.53 million of 5% notes due May 1, 2025;

• $15,435,000 of 5% notes due May 1, 2021; and

• $2,905,000 of 5% notes due May 1, 2030.

U.S. Bank NA is the trustee.

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