By Sheri Kasprzak
New York, March 25 - The Vermont Educational and Health Buildings Financing Agency priced on Monday $55.26 million in revenue bonds for the Middlebury College project, according to a final official statement.
The bonds (Aa2/AA/) are due Nov. 1, 2026, and the interest rate resets at the daily or weekly rates.
Goldman, Sachs & Co. was the lead manager for the negotiated sale.
Proceeds from the sale will be used to repay a bank loan used to refund previously issued bonds.
Issuer: | Vermont Educational and Health Buildings Financing Agency
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Issue: | Revenue bonds
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Amount: | $55.26 million
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Type: | Negotiated
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Maturity: | Nov. 1, 2026
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Coupon: | Daily or weekly rate
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Price: | Par
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Underwriter: | Goldman, Sachs & Co. (lead)
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Ratings: | Moody's: Aa2
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| Standard & Poor's: AA
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Pricing date: | March 24
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