Vermont Educational and Health intends to sell $96.89 million bonds for Middlebury College

By Sheri Kasprzak

New York, Oct. 19 - The Vermont Educational and Health Buildings Financing Agency is expected to price $96.885 million in series 2010 revenue refunding bonds for Middlebury College, according to a preliminary official statement.

The bonds (Aa2) will be sold on a negotiated basis with Goldman Sachs & Co. as the senior manager.

The bonds are due 2040.

Proceeds will be used to refund the college's series 2008 variable-rate demand obligations and terminate an interest rate swap agreement related to those obligations.

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