Choice Advisors

Congratulations to the Bonnie Cone Schools and their Education Management Organization, Charter One, on the successful closing of their $65,130,000 tax-exempt Series 2024 bonds. The bonds were issued for the purpose of financing the acquisition and improvement of the Bonnie Cone Leadership Academy (the “Leadership Campus”) located in Huntersville, North Carolina.?The Leadership Campus consists of a K-6, 61,688 square foot building and a 7-12, 72,892 square foot building located on approximately 33.96 acres of land.?Bonnie Cone also plans to improve the athletic facilities at the Leadership Campus.?Bonnie Cone previously issued 2021 Bonds to finance their Bonnie Cone Classical Academy (the “Classical Campus”), also located in Huntersville.??At the time of the financing, the Classical Campus was in its 6th year of operation and the Leadership Campus was in its second year.?The Classical Campus served approximately 650 students in grades K-8 with plans to increase enrollment to 900.?The Leadership Campus served approximately 1,315 students in grades K-12 with plans to increase enrolment to 2,070.?Choice Advisors served as the municipal advisor on the financing. #CharterSchoolFinance #CharterSchoolFacilities #ChoiceAdvisors

Congratulations to the American Leadership Academy (“ALA”) and their Education Management Organization, Charter One, on the successful closing of their $201,620,000 tax-exempt Series 2024 Bonds. ??The Series 2024 bonds were issued to finance, refinance and/or reimburse the borrower for the acquisition, construction, improving, renovating, operating and equipping of land and facilities in Mesa, Arizona. ?At the time of the financing, ALA operated schools in 15 facilities, served approximately 16,247 students in grades K-12 and 582 students in PK with plans to grow to serve approximately 25,425 students in grades K-12 by the year 2028-29. ?Choice Advisors served as the municipal advisor on the financing. #CharterSchoolFinance #CharterSchoolFacilities #ChoiceAdvisors

Congratulations to Shannon Stein, Hayley Wilson and the Lake Norman Charter (“LNC”) on the successful closing of their $23,160,000 tax-exempt Series 2024A bonds! ?The 2024 Bonds financed the construction of an approximately 47,000 square foot elementary school on approximately 19 acres of land in Huntersville, North Carolina. At the time of the financing, LNC was in its 27th year of operation and served approximately 2,221 students in grades K-12 (with approximately 6,310 students on the waitlist).? LNC operated an existing elementary, middle and high school with plans to grow to serve approximately 2,585 students in grades K-12 by the year 2026-27 upon the completion of the new elementary facility. Choice Advisors?served as the municipal advisor on the financing. #CharterSchoolFinance #CharterSchoolFacilities #ChoiceAdvisors

Congratulations to Stacy Alton and the LEADERSHIP PREP SCHOOL (“LPS”) on the successful closing of their $25,495,000 tax-exempt Series 2024 bonds! ?The 2024 Bonds financed the construction of an approximately 46,640 square foot elementary school on approximately 8.27 acres of land in Frisco, Texas. At the time of the financing, LPS was in its fifteenth year of operation and served approximately 1,385 students in grades K-12 (with approximately 1,300 students on the waitlist).?LPS operated two existing facilities with plans to grow to serve approximately 2,000 students in grades K-12 by the year 2025-26 upon the completion of the new facility.?The bonds were backed by the Texas triple-A rated Permanent School Fund Guarantee. Choice Advisors served as the municipal advisor on the financing. #CharterSchoolFinance #CharterSchoolFacilities #ChoiceAdvisors

Congratulations to Freda Deskin-Lewis, Ph.D. and the Aerospace Science and Technology Education Center (ASTEC) Charter School on the successful closing of their $64,325,000 tax-exempt Series 2024 Bonds. ??The Series 2024 bonds financed the construction and equipping of an approximately 158,659 square foot facility in Oklahoma City including refinancing an existing loan. ASTEC was founded by Dr. Deskin-Lewis, a finalist in NASA’s 1985 “Teacher in Space” program.?The school serves a student base that is approximately 91% Hispanic, 96% economically disadvantaged, and 66% English language learners.?At the time of the financing, ASTEC served approximately 1,260 students in grades PK-12 with plans to grow to serve approximately 2,053 students in grades PK-12 by the school year 2027-28. ?ASTEC will begin its 25th school year in the fall of 2024.? Choice Advisors served as the municipal advisor on the financing. #CharterSchoolFinance #CharterSchoolFacilities #ChoiceAdvisors