On February 22, 2017, Rocketship Education and its affiliate, Launchpad Development Company, closed simultaneous issues of charter school revenue bonds in California, Wisconsin, and Tennessee, each underwritten by Stifel, Nicolaus & Company, Incorporated. The California School Finance Authority issued $23,095,000 in Series 2017A bonds and $3,665,000 in Series 2017B bonds. The Wisconsin Health and Educational Facilities Authority issued $7,160,000 in Series 2017C bonds and $250,000 in Series 2017D bonds. The Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County, Tennessee issued $7,740,000 in Series 2017E bonds and $250,000 in Series 2017F bonds.
Kerrigan Bennett acted as underwriter’s counsel and prepared the consolidated limited offering memorandum for these issues.