$9.3 million
Conduit revenue bonds
Acquisition and improvement of a charter school facility.
KCA role · municipal advisor
Independent municipal advisor · Sacramento, California
We advise charter schools on financing.
Schools hire us to plan a facility or working-capital financing, see it through closing, and keep up with the reports the deal requires afterward. Karl Yoder leads every engagement.
38.5816° N · 121.4944° W
25+ years
Karl’s work with California charter schools
Independent
Hired by the school as its municipal advisor
SEC · MSRB
Registered municipal advisor
Sacramento
Based in California, available nationwide
The 25+ years are Karl Yoder’s own experience.
What we do
Most of our work falls into three areas.
A building purchase affects the budget for years, and a bond closing comes with reports due long after. We plan the financing with the school’s budget and calendar in front of us.
Facilities
Buy, improve, or refinance a school building.
We check whether the project works financially, pick the type of financing, prepare the board, and stay with the school through closing.
Facility financing →
Working capital
Cover gaps in the school’s cash flow.
We size a short-term note or loan from the school’s monthly cash-flow forecast and set the repayment dates around when state payments arrive.
Working capital →
After closing
Keep up with reporting after closing.
We track the covenants, prepare the required disclosure reports, and help the school get ready for lender reviews.
Reporting and disclosure →
Who you work with
Karl Yoder, Managing Partner
Karl has worked with California charter schools for more than 25 years. He leads every engagement himself, from the first planning meeting to the reports due after closing.
- 01The school hires us, and our duty is to the school.
- 02We explain each option in terms the board can vote on, and we stay on after closing to help with covenants and reporting.
Our role
On a financing, we are the school’s advisor.
The underwriter sells the bonds and the lender makes the loan. We review the documents and pricing for the school and help it get ready for what it owes after closing.
Recent deals
Our four most recent financings
We were municipal advisor on each of these financings. Amounts are rounded.
$14 million
Revenue anticipation notes
Working capital for a charter school.
KCA role · municipal advisor$21 million
Conduit revenue bonds
Acquisition and improvement of a charter school facility.
KCA role · municipal advisor$21 million
Conduit revenue bonds
Acquisition and improvement of a charter school facility.
KCA role · municipal advisorSource: the offering document for each financing. The list shows size and purpose only. It says nothing about how the bonds or notes have performed.
Contact
Talk to Karl about your financing.
karl.yoder@keycharteradvisors.com(916) 284-1382
Sacramento, California
We work with nonprofit educational organizations nationwide.