Transaction Summary
Piper Sandler served as Sole Manager of Alta Public Schools (“Alta”) $10,745,000 issuance of non-rated Charter School Revenue Bonds, Series 2024 through the California School Finance Authority. Proceeds of the Series 2024 Bonds were used to finance or refinance costs of the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and/or equipping of Academia Moderna and Prepa Tec Los Angeles, to refund the Series 2014A bonds and to pay cost of issuance.

About Alta Public Schools
Alta Public Schools (APS) was established in 2009 and opened its first school in that same year, Academia Moderna Charter School (AMCS), in the South Los Angeles neighborhood of Walnut Park. Academia Moderna initially served 129 students in grades K-3 and has grown to serving 444 students in grades TK-5. Since the opening of Academia Moderna, Alta has opened two additional schools, Prepa Tec Middle School (PTMS), in Huntington Park, opened in 2013, and Prepa Tec High School (PTHS), opened in 2016, also located in Huntington Park. Prepa Tec Middle School opened initially serving 91 students in grades 6-7 and has grown to serve 305 students in grades 6-8.