Dana-Farber Cancer Institute, Mass., to price $109.305 million revenue bonds

By Cristal Cody

Springdale, Ark., April 29 - The Massachusetts Health and Educational Facilities Authority plans to price $109.305 million revenue bonds for the Dana-Farber Cancer Institute, according to a preliminary official statement.

The series 2008K bonds have serial maturities from Dec. 1, 2008 through Dec. 1, 2024 and term bonds due in 2028 and 2038.

The institute also plans to price $92.745 million series 2008L1 and $91.88 million series 2008L2 variable-rate bonds, according to the statement.

Goldman, Sachs & Co. will manage the negotiated sale.

Proceeds will be used to pay the principal and interest due on bridge financing used to refund series 2004H1 and H2 periodic auction-reset bonds and pay termination fees on swap agreements for the series H bonds.

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