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Amherst College, Mass., to sell $61 million revenue bonds Jan. 8
By Sheri Kasprzak
New York, Dec. 23 - The Massachusetts Health and Educational Facilities Authority is scheduled to price $61 million in series 2009K revenue bonds for Amherst College on Jan. 8, according to a preliminary official statement.
The sale includes $8 million in series 2009K-1 revenue bonds (Aaa/VMIG1/AAA/A-1+/) and $53 million in series 2009K-2 variable-rate demand revenue bonds (Aaa/AAA/).
The 2008K-2 bonds will initially bear interest at the term rate mode.
The bonds will be sold on a negotiated basis with Merrill Lynch & Co. as the senior manager.
Proceeds will be used to defease the college's outstanding series G bonds and to make a deposit to the college's project fund.
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