from The Boston Business Journal

Milton Academy, still smarting from a reported $39.4 investment loss in fiscal 2009, is preparing to raise roughly $35 million in two separate debt offerings, according to financial disclosures.

The prestigious prep school, located in Milton, Mass., said the separate bond issues aim to raise $25.6 million and $9.6 million, respectively, and will be used to pay down existing debt and fund the construction of a 39,000-square-foot science building, among other uses. (Read the full story here.)