Massachusetts Health to sell $275 million revenue bonds for MIT

By Sheri Kasprzak

New York, Dec. 5 - The Massachusetts Health and Educational Facilities Authority plans to price $275 million in series 2008O revenue bonds for the Massachusetts Institute of Technology, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Barclays Capital and Morgan Stanley & Co. Inc. as the lead managers.

The maturities for the deal have not yet been set.

Proceeds will be used for the construction, acquisition and equipment of a graduate residence facility, a six-story building for the School of Architecture and Planning, a media laboratory, a six-story facility for the Sloan School of Management, a three-level underground parking garage, as well as upgrades to existing facilities.

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