Transaction Summary
Piper Sandler served as Sole Manager of Great Oaks Academy (“Great Oaks”) $16,965,000 issuance of non-rated Tax-Exempt Charter School Lease Revenue Bonds, Series 2025A and Taxable Charter School Lease Revenue Bonds, Series 2025B through City of Eagan Minnesota. Proceeds of the Series 2025 Bonds were used to finance the acquisition, renovation and equipping of an approximately 68,000 square foot facility located in Eagan, Minnesota, fund a debt service reserve fund for the Series 2025 bonds, finance a portion of capitalized interest on the Series 2025 bonds and pay costs of issuance of the Series 2025 bonds.

About Great Oaks Academy
Great Oaks Academy launched its inaugural year as a classical education school in 2020 serving 74 students (K-3) in a leased space of five classrooms at Bethel's Rock Church in Farmington, MN. In 2022 Great Oaks relocated to a property specifically built out to meet its needs in Farmington, MN. As a result of tremendous acceptance of the school, a search for a second campus site began. The result was the identification of the 16-acre property in Eagan, MN. In this location, students will receive a classical education with ample space for academics, arts, music, theater and languages surrounded by fields, woods and a pond that allow for the study of and recreation in nature. Great Oaks Academy will grow over the next years to a K-12 school serving nearly 1,300 students in the Minneapolis south metro area.