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Middlebury College in Vermont to price $55.26 million bonds to refund auction-rate series
By Cristal Cody
Springdale, Ark., March 26 - Middlebury College in Vermont plans to price $55.26 million in bonds on Tuesday, the issuer said Wednesday.
The series 2008 bonds (Aa2/VMIG 1) will price through the Vermont Educational and Health Buildings Financing Agency.
The bonds are due Nov. 1, 2026, said Derek Hammel, manager of treasury and finance for the college.
Goldman, Sachs & Co. is the underwriter.
Proceeds will be used to refund the college's outstanding series 2006B auction-rate bonds.
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