MassDevelopment has issued a $105,820,000 tax-exempt bond on behalf of the President and Trustees of Williams College in Williamstown. The second-oldest institution of higher learning in Massachusetts, Williams will use bond proceeds to finance several projects on the college’s campus, including building and equipping a new art museum and multipurpose recreation center, implementing the college’s energy and carbon master plan, and renovating and equipping dormitories and dining facilities, among others.
“Our colleges and universities drive Massachusetts forward by advancing knowledge, empowering our future workforce, and supporting local economies,” said MassDevelopment deputy director and SVP Marcos Marrero. “MassDevelopment is pleased to help schools like Williams College access low-cost, tax-exempt financing to build out or renovate their campuses in support of students and faculty.”
The bonds were sold through a public offering. Goldman Sachs served as lead underwriter and B of A Securities and Samuel A. Ramirez & Co served as co-managers.