Buck Financial served as financial advisor to Nevada Charter Academies, d/b/a American Preparatory Academy – Las Vegas (APA-LV) for its $29,965,000 bond financing to acquire its existing facility. The facility is owned by Charter Facility Support Foundation and is leased to APA-LV under a long-term lease. APA-LV is managed by American Preparatory Schools (APS), which also manages several schools in Utah. Though APA-LV is only in its fourth year of operation, it received a BB rating from Standard & Poor’s and the issue was well received by the market. APS founder Carolyn Sharette has worked on a number of turn-around situations for other schools with outstanding bond issues that are owned by some of the investors who bought APA-LV’s bonds, and they were eager to be able to invest directly in a school manged by APS. Buck Financial is proud of our association with APS and to have closed our first transaction in the State of Nevada. We have now closed over 140 charter school facility transactions totaling over $3 billion in 16 states.