Massachusetts Development preps $130 million of Emerson College bonds

By Sheri Kasprzak

New York, April 29 – The Massachusetts Development Finance Agency is set to price $130 million of series 2015 revenue bonds for Emerson College, according to a preliminary official statement.

The bonds (Baa1/BBB+/) will be sold on a negotiated basis with Barclays and J.P. Morgan Securities LLC as the senior managers.

The maturities have not been set.

Proceeds will be used to finance the demolition of existing structures at 1 to 3 Boylston Place on the college’s main campus in Boston, as well as to refund existing debt.

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