By Sheri Kasprzak
New York, Oct. 22 - The Vermont Educational and Health Buildings Financing Agency priced $95.035 million in series 2010 revenue refunding bonds on Thursday for Middlebury College, according to a term sheet.
The bonds (Aa2/AA/) were sold through Goldman Sachs & Co.
The bonds are due 2040 and have a 5% coupon priced at 114.98.
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.
| Issuer: | Vermont Educational and Health Buildings Financing Agency/Middlebury College
|
| Issue: | Series 2010 revenue refunding bonds
|
| Amount: | $95.035 million
|
| Maturity: | 2040
|
| Coupon: | 5%
|
| Price: | 114.98
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co. (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 1
|
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