In early December 2019, the American Preparatory Academy – Las Vegas completed a financing for its second campus in Las Vegas using a bond issue through the Public Finance Authority.\u00a0 APA-LV opened the 2014-15 school year in temporary facilities with 400 students in grades K-9.\u00a0 APA-LV added grades 10-12 in the 2015-16 school year, having completed their first facility by fall of 2015 with private financing.\u00a0 In 2017, bonds were issued to provide permanent financing on the initial facility, and the 2019 bonds for the expansion were issued as additional indebtedness under the 2017 documents.<\/p>\n
APA-LV’s mission is to provide a safe, orderly and nurturing learning environment where its content rich curriculum and research-based instructional methodologies will ensure students have academic success and develop good character.\u00a0 The board of the charter school contracts with American Preparatory Schools, Inc, which also manages several charter schools in Utah.\u00a0 The school will use the proceeds of the 2019 bonds to construct a K-6 facility a few miles east of the current facility, allowing that facility to expand its older grades.\u00a0 This will allow APA-LV to grow from its current enrollment of about 1,674 to over 2,400 students by the 2022-23 school year.<\/p>\n
The borrower on the financing is the Charter Facility Support Corporation LLC, who will lease the facility to APA-LV.\u00a0 Buck Financial served as financial advisor on the transaction.\u00a0 Robert W. Baird & Co. Inc. served as underwriter, Kutak Rock LLP served as bond counsel, and Quarles & Brady LLP served as underwriter’s counsel.\u00a0 Fennemore Craig PLC served as borrower’s counsel.\u00a0 The bonds were rated “BB” by Standard & Poor’s.<\/p>\n
Congratulations to the students, staff, and families of APA-LV on their successful financing.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
In early December 2019, the American Preparatory Academy – Las Vegas completed a financing for its second campus in Las Vegas using a bond issue through the Public Finance Authority.\u00a0 APA-LV opened the 2014-15 school year in temporary facilities with 400 students in grades K-9.\u00a0 APA-LV added grades 10-12 in the 2015-16 school year, having… read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-304","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":3,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"predecessor-version":[{"id":307,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/304\/revisions\/307"}],"wp:attachment":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}