Massachusetts State College Building solicits consents to amend bonds

By Marisa Wong

Morgantown, W.Va., May 6 – Massachusetts State College Building Authority has begun soliciting consents from holders of eight series of its bonds, according to a notice.

The authority is asking bondholders to consent to an amendment to the trust agreement dated Nov. 1, 1994 that would eliminate the debt service reserve fund requirement.

The affected bonds are the authority’s $117,513,022 refunding revenue bonds, series 2003B and series 2003B capital appreciation bonds; $148,495,000 project revenue bonds, series 2009B and 2009C; $60 million revenue bonds, series 2010A and 2010B; $51.61 million refunding revenue bonds, series 2011A; $154,345,000 revenue bonds, series 2012A; $149,275,000 refunding revenue bonds, series 2012B; $153.84 million revenue bonds, series 2012C; and $130,875,000 revenue bonds, series 2014A.

Holders of record as of May 6 may participate.

The deadline for submitting consents is June 17.

For additional information, holders may contact the issuer, c/o Karol Ostberg at kostberg@mscba.org. The issuer will also be the consent tabulation agent.

U.S. Bank NA is the trustee for the bonds.

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