Charter Schools USA Lands Third Multi-Million Dollar Loan Since 2010 | Scathing Purple Musings

Charter Schools USA Lands Third Multi-Million Dollar Loan Since 2010 | Scathing Purple Musings:

Charter Schools USA Lands Third Multi-Million Dollar Loan Since 2010

by Bob Sikes

From MELODIKA.net:

Ziegler, a specialty investment banking firm, is pleased to announce the successful closing of a $59,320,000 Series 2012 Bond issue for Renaissance Charter School, Inc. (Renaissance). This 2012 financing is the third for the borrower which includes a Series 2011 $89,235,000 issue and a Series 2010 $68,200,000 issue.
Renaissance) is a Florida 501(c)(3) that holds charters for 20 operating charter schools that enrolled over 14,000 students in fall 2012. This includes six schools that opened in fall 2012, including the four schools included in the Series 2012 bond financing. All schools are managed by Charter Schools USA (CSUSA), an Education Management Organization based in Ft. Lauderdale.
The current 2012 financing will fund acquisition and refinancing of four charter school facilities,