Buck Financial Blog

Uplift Education Issues Total of $100 Million In PSF Debt

Posted on: October 6th, 2017

In the summer of 2017, Uplift Education, Dallas, Texas, closed two separate issues that represent its first foray into the AAA-rated municipal market.  In May 2017, Uplift issued about $75 million in bonds to refinance its outstanding 2010 bonds, as well as fund the expansion of two existing campuses in the Dallas area.  In August 2017, Uplift issued another approximately $25 million to fund the purchase and construction of its first campus in Fort Worth.  Uplift’s had previously issued about $300 million in unenhanced issues which have always been well-received by the municipal market. This time both issues were enhanced by the Texas PSF, which allows the bonds to achieve a AAA-rating.  Buck Financial has served as financial adviser to Uplift since 2010, and congratulates Uplift and the families and students they do such a great job of serving.