Massachusetts

Massachusetts Educational Financing raised $473.9 million

Published

2 years ago

June 4, 2024

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.

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

Wrong-way crash closes I-495 southbound in Chelmsford, 1 seriously injured – Boston News, Weather, Sports | WHDH 7News

Published

10 hours ago

April 22, 2026

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Wrong-way crash closes I-495 southbound in Chelmsford, 1 seriously injured – Boston News, Weather, Sports | WHDH 7News

CHELMSFORD, MASS. (WHDH) – A wrong-way driver crashed into another vehicle on I-495 in Chelmsford Tuesday night, shutting down the soundbound lanes in that area, according to Massachusetts State Police and The Massachusetts Department of Transportation (MassDOT).

State police said Troopers from the Concord Barracks responded to a two-car crash on I-495 at the Hunt Road overpass shortly before 10 p.m. They said preliminary information indicates the crash happened as a result of a wrong-way driver striking a vehicle traveling in the correct direction.

Chelmsford Fire and EMS responded to the scene, and the driver was taken to the hospital by MedFlight. State police said they suffered life-threatening injuries.

MassDOT said the highway southbound is currently closed at exit 88 due to the crash, and is expected to remain closed for several hours.

Drivers are asked to seek alternate routes at this time.

This is a developing news story; stay with 7NEWS on-air and online for the latest details.

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Massachusetts

Two stabbed at Cedar’s Mediterranean Foods plant in Haverhill

Published

22 hours ago

April 21, 2026

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Two stabbed at Cedar’s Mediterranean Foods plant in Haverhill

Two people were seriously injured in a stabbing at the Cedar’s Mediterranean Foods manufacturing facility in Haverhill, Massachusetts, on Tuesday morning.

Haverhill police said they responded to the Cedar’s plan on Foundation Avenue around 10:30 a.m. for a report of a disturbance involving a weapon. When they arrived, they found two people suffering from apparent stab wounds.

Both people were provided with medical assistance on scene and taken to area hospitals with what police described as serious injuries. Their names have not been released, and no update on their conditions was immediately available.

Preliminary investigation determined that the two people knew each other, and police said there is no ongoing threat to the public. They said their investigation into the incident remains active.

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Massachusetts

Injured Massachusetts teen thanks rescuers who

Published

1 day ago

April 21, 2026

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Injured Massachusetts teen thanks rescuers who

Two Plymouth, Massachusetts teens were saved from the summit of Mount Washington after a leg injury stranded them.

Khang Nguyen,17, said he and his friend, 18-year-old Vaughn Webb, thought they were well prepared for their hike on Saturday. They brought trekking poles, layers, microspikes for their boots and more.

But halfway up the trail, Nguyen feared the worst when his leg began to hurt.

“It was just incredibly painful to lift up my right leg,” he explained. “I told [Vaughn] to leave me behind so I could go on my own pace and for him to reach the summit to get help at first.”

The pair managed to reach the top of the mountain but had to seek shelter next to a building as wind gusts increased, and the air temperature reached 38 degrees. Nguyen said they also ran out of food and water. The New Hampshire Fish and Game Department received the 911 call around 7:30 p.m. and quickly alerted a State Park employee who began to search for the two teens.

“Conservation Officers then began responding in four-wheel-drive pickup trucks to try and get to the summit and back ahead of incoming snow,” the game department said in a statement.

After around 30 minutes of reaching both Webb and Nguyen were found. They were taken inside a building and Nguyen was being treated for his injury.

“The worker that was up there, [said] that they came in record time, and we appreciate their help a lot. It saved our lives potentially,” Nguyen explained.

The pair was successfully taken off the mountain by 10 p.m. The two teens are now safely back in Massachusetts and are incredibly grateful to their rescuers.

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