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Massachusetts Educational Financing raised $473.9 million

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Massachusetts Educational Financing raised 3.9 million


The Massachusetts Educational Financing Authority is preparing to sell $473.9 million in notes to be repaid from a pool of private student loans made under Massachusetts Educational Financing Authority’s MEFA Loan program.

The transaction is the first out of the Issue N resolution, with the vast majority of notes–$369.4 million, composed of senior federally taxable bonds, according to a presale report from S&P Global Ratings.

All of the notes—a mix of term, taxable and serial bonds—are fixed rate, and varying maturity dates, S&P said.

The 2024A taxable term and 2024A taxable bonds notes have July 1, 2033 and July 1, 2049 maturity dates; the 2024B serial bonds have maturity dates of July 1, 2028, 2029 and 2030, the rating agency said. The senior 2024B bond and subordinate 2024C have the same maturity date, July 1, 2032. The subordinated 2024D bonds have a July 1, 2054 maturity date.

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RBC Capital Markets and BofA Securities are underwriters on the deal, which is slated to close on June 20, S&P said.

The AA, A and BBB notes have 12.7%, 12.5% and 7.0% in credit support, which included excess spread, the rating agency said. The credit support levels provide 6.3x, 6.2x and 3.5x of its base-case net loss assumptions in coverage multiples for the senior and subordinate bonds, S&P said. The notes also have 10.7% and 8.6% in subordination for the senior and senior subordinate bonds, respectively.

S&P assigned AA ratings to the senior bonds; A to the senior-subordinate bonds and BBB to the subordinate bonds.



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Massachusetts suspect in “Grinch” pajamas wanted for multiple car break-ins, thefts – CBS Boston

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Police are seeking a man seen on surveillance cameras wearing “Grinch” pajamas.

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Massachusetts ‘belligerent’ woman allegedly assaults off-duty police officer in road rage incident

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Massachusetts ‘belligerent’ woman allegedly assaults off-duty police officer in road rage incident


An off-duty police sergeant was allegedly assaulted by a “belligerent” woman during a road rage incident in the days before Christmas, police said.

Randolph woman Vashiyra Mason, 20, was arrested and charged by Stoughton Police after allegedly striking the off-duty cop’s vehicle and assaulting him.

Stoughton police officers responded to the area of 278 Washington St. for a report of a disturbance on Sunday at about 1:06 p.m.

An off-duty Stoughton police sergeant had called the station and reported that he was following a vehicle that side-swiped his car and left the scene.

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Mason had allegedly driven into the oncoming traffic lane and around the off-duty officer’s vehicle on Pine Street, and side-swiped the front of his car. Mason later stopped in a parking lot, where the off-duty officer followed her.

“In the parking lot, the off-duty officer identified himself multiple times as a Stoughton Police sergeant in an attempt to de-escalate the situation,” police wrote about the incident. “Mason became belligerent, using slurs and hitting the off-duty officer in the upper body, neck, and face area.”

The off-duty officer then reportedly restrained Mason to prevent her from injuring him or herself.

The passenger of Mason’s car, a 19-year-old Brockton woman, then allegedly hit the off-duty officer in the back of his head and neck. The passenger also began to attack a woman who was with the off-duty officer.

Officers arrived shortly after, and saw Mason hitting the woman who was with the off-duty officer. Mason allegedly grabbed the woman by her hair, and punched her in the back of the head multiple times.

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Mason was charged with assault and battery on a police officer, assault and battery, disorderly conduct, and operating a motor vehicle with a suspended license.

Mason’s passenger will be issued a summons to appear in Stoughton District Court on charges of assault and battery on a police officer, assault and battery, and resisting arrest. Because the suspect is being summonsed and the court has not issued a criminal complaint, her identity cannot be released.



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Globe Top 20 girls’ basketball poll: Three in, three out entering Week 3 – The Boston Globe

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Globe Top 20 girls’ basketball poll: Three in, three out entering Week 3 – The Boston Globe


Bishop Feehan held off a strong upset bid from St. Mary’s as both hold their spot in the Top 5.Barry Chin/Globe Staff

The top seven remains unchanged in the Globe Top 20 girls’ basketball poll.

St. Mary’s stays in the No. 4 spot after giving No. 1 Bishop Feehan a battle. Woburn has made things interesting so far, but has found a way to prevail each time.

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Notre Dame (Hingham) snuck past Fontbonne, which says more about Fontbonne’s potential than anything else. Braintree leapfrogs Needham after winning a tight, defensive battle at Needham High.

Whitman-Hanson, Newton North, and Framingham fall out. Westwood, North Quincy, and North Andover take their place.

The next 10, in alphabetical order, are: Andover, Bourne, Chelmsford, Duxbury, Fontbonne, Lincoln-Sudbury, Natick, Norwood, Pembroke, and Wayland.

No. Team Record Previous
1. Bishop Feehan 3-0-0 1
2. Medfield 3-0-0 2
3. Foxborough 3-0-0 3
4. St. Mary’s 2-1-0 4
5. Woburn 3-0-0 5
6. Cathedral 2-0-0 6
7. Norwell 1-0-0 7
8. Notre Dame (Hingham) 2-0-0 9
9. Quincy 3-0-0 10
10. Central Catholic 1-0-0 11
11. Dartmouth 3-0-0 12
12. Bishop Fenwick 2-0-0 13
13. Bridgewater-Raynham 2-0-0 15
14. Braintree 3-0-0 17
15. Needham 2-1-0 8
16. Walpole 2-1-0 20
17. Westwood 4-0-0
18. North Quincy 4-0-0
19. North Andover 3-0-0
20. Oliver Ames 2-1-0 18

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Trevor Hass can be reached at trevor.hass@globe.com.





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