Dasny arranges $135 million sale of revenue bonds for Rochester Institute of Technology

By Sheri Kasprzak

New York, Nov. 19 - The Dormitory Authority of the State of New York is set to price $135 million of series 2012 revenue bonds for the Rochester Institute of Technology, according to a preliminary official statement.

The bonds (A1) will be sold through RBC Capital Markets LLC. The co-managers are M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc.

The maturities have not been set.

Proceeds will be used to construct an ice arena, renovate RIT's Institute of Health Science and Technology, renovate an electrical substation and renovate laboratories, as well as to refund existing debt.

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