Maine Health and Higher Educational authority plans $117.94 million bonds for Bowdoin College

By Sheri Kasprzak

New York, April 3 - The Maine Health and Higher Educational Facilities Authority is expected to sell $117.94 million in series 2009 revenue bonds (Aa2) for Bowdoin College, said a preliminary official statement.

The negotiated sale will be brought to market by Barclays Capital Corp. The co-managers are Cain Brothers, Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Wachovia Bank.

The deal includes $99.015 million in series 2009A term bonds, which are due 2039, and $18.925 million in series 2009B term bonds, which are due 2039.

Proceeds will be used to finance capital projects and refinance the college's 1995B, 1998A and 1998C bonds.

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