MassDevelopment issued $105.82 million in tax-exempt bonds on behalf of the president and trustees of Williams College in Williamstown. The Williams School, the second oldest institution of higher education in Massachusetts, will use the bond proceeds to support the university, including building and equipping a new museum and multipurpose recreation center, implementing the university’s energy and carbon master plan, and making renovations. It will be used to fund several projects on campus. Complete with dormitory and dining room.
“Our universities move Massachusetts forward by advancing knowledge, empowering the workforce of the future and supporting local economies,” said Marcos Marrero, Deputy Director and SVP of Mass Development. I am. “MassDevelopment is pleased to help schools like Williams College access low-cost, tax-exempt financing for campus construction and renovations to support students, faculty, and staff.”
The bonds were sold through a public offering. Goldman Sachs acted as lead manager, and B of A Securities and Samuel A. Ramirez & Co acted as joint managers.
