Massachusetts Health and Educational Facilities to price $65 million bonds for Oceanographic Institution

By Cristal Cody

Tupelo, Miss., Sept. 19 - The Massachusetts Health and Educational Facilities Authority plans to price $65 million revenue bonds for the Woods Hole Oceanographic Institution, according to a preliminary official statement released Friday.

The series 2008B bonds (/AA-/) will be sold through a negotiated sale managed by Banc of America Securities LLC.

Proceeds will be used to refund the series 2004A variable-rate revenue bonds on Nov. 3, pay a termination fee on the bonds' interest rate swap agreement and finance or refinance expenditures that include renovations, equipment, landscaping and other improvements.

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