• Research Triangle High School, $11,060,000, Charter School Revenue Bonds, North Carolina

    ACCESSIBLE

    “If there was a problem to be solved, they had a solution. I strongly recommend the BB&T team, you won't regret working with them.”—Pamela Blizzard, Founder and Managing Director, Research Triangle High School

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  • International Leadership of Texas, $111,040,000, Fixed Rate Bonds

    LEADERSHIP

    “We could not have asked for a higher level of leadership than that displayed by the BB&T team.”—Edward G. Conger, Superintendent, International Leadership of Texas

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  • INFORMATIVE

    “We are pleased to share our summer issue of Blackboard, BB&T's quarterly publication that offers insights and highlights key trends affecting the charter school sector.”—Richard Harmon, Managing Director and Education Group Head, BB&T Capital Markets

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Education Finance Group

Our Education Finance Group provides comprehensive capital structure planning and execution for public and private colleges and universities, student housing facilities, charter schools and private secondary schools. With a robust bond distribution platform and the resources of one of the nation's strongest financial institutions, we offer a full spectrum of financial solutions to meet each client's specific needs. With the experience and focus of our professionals, we understand how to navigate challenging financial markets while providing ongoing guidance and support to ensure the long-term success of our clients.

Our team is armed with the broadest array of financial tools in the sector, allowing us to provide a variety of services to our clients:

  • Debt planning and advisory services, including financial modeling
  • Rating agency and credit enhancement strategies
  • Public and private bond underwriting, including tax-exempt and taxable financing
  • Extensive financing capabilities, including bank/private placement financing strategies (loan syndication, direct loans and letters of credit, lines of credit and standby bond purchase agreements)
 

More than 85 years combined experience among our five managing directors

  • Nova Academy

    On Nov. 16, 2016, BB&T Capital Markets closed $18,865,000 Series 2016A&B tax-exempt and taxable fixed rate bond issues for Nova Academy in Santa Ana, Calif. Proceeds of the Series 2016 bonds were used o finance the acquisition of a high school facility, fund a debt service and pay capitalized interest and costs of issuance.

  • Parnassus Preparatory School

    On Nov. 15, 2016, BB&T Capital Markets closed the $27,110,000 Series 2016A (tax-exempt)
    and $260,000 Series 2016B (taxable) fixed rate bond transaction for Parnassus Preparatory
    School. The proceeds of the Series 2016 Bonds financed the acquisition of the current charter
    school facility as well as provide for certain improvements to the facility including additional
    classrooms, a courtyard/playground area and upgrade other administrative spaces. Once the
    improvements are completed, the facility will consist of 58 classrooms, three music rooms,
    three art rooms, two science labs, two gymnasiums, and other additional multi-use spaces.
    In addition, the bond proceeds will fund a debt service reserve fund and pay for the costs of
    issuing the bonds.

  • Florida Charter Foundation, Franklin Academy

    On July 21, 2016, BB&T Capital Markets closed a non-rated $50,820,000 tax-exempt fixed rate bond offering for the Florida Charter Foundation.  The purpose of the financing was to acquire the existing facilities for two of the campuses operated by Florida Charter Foundation: Franklin Academy Boynton Beach, and Franklin Academy Cooper City.  Bond proceeds also provided funds for a debt service reserve fund, capitalized interest for approximately six months, repayment of an outstanding line of credit from Building Hope, and costs of issuance.

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  • Edkey, Inc.

    On June 14, 2016, BB&T Capital Markets closed a $31,315,000 Series 2016 Tax-Exempt Fixed Rate Bond Issue for Edkey, Inc. in Arizona. Proceeds of the Series 2016 Bonds were used to refinance prior 2006 bonds, acquire and improve charter school facilities and land located in the greater Phoenix area. Bond proceeds also provided funds for a debt service reserve fund and costs of issuance.

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  • Newman International Academy

    On May 5, 2016, BB&T Capital Markets closed an $18,315,000 Series 2016A&B Tax-Exempt Fixed Rate Bond Issue for the Newman International Academy in Texas. Proceeds of the Series 2016A&B Bonds were used to finance the cost of the acquisition, improvement, renovation and equipping a former university campus in Cedar Hill, Texas. The project also included the construction of a gym/event center with additional classrooms, and administrative spaces located on the same campus. Bond proceeds also provided funds for a capitalized interest fund, a debt service reserve fund and costs of issuance.

  • Pikes Peak School for Expeditionary Learning

    On Dec. 8, 2015, BB&T Capital Markets (BB&T) closed a $6,189,135 tax-exempt direct purchase financing for Pikes Peak School for Expeditionary Learning (PPSEL or the school) through the Colorado Educational and Cultural Facilities Authority. The Series 2015 financing was undertaken to refinance the school’s existing Series 2008 Bonds to reduce operational expenses. Notably, the financing did not require a debt service reserve fund to achieve an approximate $120,000 reduction in annual debt service.

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  • American Leadership Academy, Inc.

    On Dec. 29, 2015, BB&T Capital Markets closed a $29,890,000 Series 2015 Tax-Exempt Fixed Rate Bond issue for the American Leadership Academy in Arizona. Proceeds of the Series 2015 Bonds will be used to refinance prior debt, acquire and improve charter school facilities and land in the greater Phoenix area. Bond proceeds also provided funds for a debt service reserve fund and costs of issuance.

  • Paideia Academies

    On Nov. 5, 2015, BB&T Capital Markets closed a $10,280,000 Series 2015 Tax-Exempt Fixed Rate Bond Issue for the Paideia Academies in Arizona. Proceeds of the Series 2015 Bonds will be used to acquire and improve charter school facilities and land located in south Phoenix. Bond proceeds also provided funds for a debt service reserve fund, the initial deposit to the repair and replacement fund, and costs of issuance.

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  • Research Triangle High School

    BB&T Capital Markets closes a $11,060,000 Series 2015 A&B tax-exempt and taxable fixed rate bond financing for Research Triangle High School (RTHS or the School). The primary purpose of the Series 2015 bonds was to finance the acquisition of a permanent facility for RTHS. Bond proceeds also provided funds for a debt service reserve, capitalized interest, and costs of issuance.

    

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  • International Leadership of Texas

    On August 27th, 2015, BB&T Capital Markets closed a $105,680,000 Series 2015A Tax-Exempt Fixed Rate Bond Issue and a $5,360,000 Series 2015B Taxable Fixed Rate Bond Issue (collectively, the Series 2015 Bonds) for International Leadership of Texas. Proceeds of the Series 2015 Bonds will be used to finance the cost of the acquisition, improvement, construction, renovation, and equipping of certain educational facilities, classrooms, and administrative spaces in addition to financing open-enrollment charter schools founded in Fort Worth, Garland, and Arlington, Texas and refinancing existing indebtedness. Bond proceeds also provided funds for a debt service reserve fund, capitalized interest, and costs of issuance. The acquired facilities were built-to-suit by the Charter School Fund, and leased by International Leadership of Texas.

    

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  • Salida del Sol Academy

    On June 12, 2015, BB&T Capital Markets closed a $12,390,000 tax-exempt adjustable
    rate bond offering for a school in its first year of operations, Salida del Sol Academy
    (“SDSA” or the “School”). The primary purpose of the Series 2015 Bonds was to
    refinance construction loans on the School’s existing facilities. Bond proceeds also
    provided funds for a debt service reserve fund, capitalized interest, and costs of
    issuance.

    

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  • Atlas Preparatory School

    On April 1, 2015, BB&T Capital Markets closed a $12,190,000 tax-exempt fixed rate bond offering for Atlas Preparatory Academy ("Atlas" or the "School") through the Colorado Educational and Cultural Facilities Authority. The primary purpose of the Series 2015 Bonds was to acquire and renovate the School's existing high school facilities, refinance the loan secured by the middle school facilities, and provide the expansion of athletic fields. Bond proceeds also provided funds for a debt service reserve fund, capitalized interest and costs of issuance.

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  • Triad Educational Services / Triad Math and Science Academy Company

    On March 11th, 2015, BB&T Capital Markets closed a $20,845,000 Series 2015A Tax-Exempt Fixed Rate Bond Issue and a $1,365,000 Series 2015B Taxable Fixed Rate Bond Issue (collectively, the “Series 2015 Bonds”) for Triad Educational Services, Inc. Proceeds of the Series 2015 Bonds were used to refinance existing indebtedness and to make certain improvements at the Facilities. Bond proceeds also provided funds for a debt service reserve fund, capitalized interest, and costs of issuance. The Series 2015 Bonds were issued through the Public Finance Authority and the bond proceeds were loaned to Triad Educational Services, Inc., (TES) the owner of the acquired facilities. The facilities were leased to the Triad Math and Science Academy Company (TMSAC) for the operation of the Triangle Math and Science Academy (Triangle) in Cary, North Carolina and the Triad Math and Science Academy (Triad) in Greensboro, North Carolina.

    

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Our Areas of Expertise

Higher Education

Public and Private Universities, Student Housing

Primary and Secondary Education

Charter Schools, Private K-12 Schools, Public School Systems

Extensive Financing Platform

Tax-exempt and taxable bond debt, retail and institutional placements, private placements, bank placements/letters of credit, lines of credit, construction loans, new markets tax credits

Charter Schools and the Bond Market

Paula PermenterManaging DirectorEducation GroupPlay The Video