Transaction summary
Piper Sandler served as Sole Manager of Valley Inquiry Charter School’s (“Valley Inquiry”) $5,805,000 issuance of “non-rated” Tax-Exempt Charter School Revenue Bonds, Series 2025 through Oregon Facilities Authority. Proceeds of the Series 2025 Bonds were used to finance the acquisition of an existing charter school facility in Salem, Oregon, fund construction and equipping of portable units on the site of the existing facilities, fund a reserve account for the Series 2025 Bonds and pay certain issuance costs related to the Series 2025 Bonds.

About Valley Inquiry Charter School
Valley Inquiry opened first as Baker Charter School in the Fall of 2005, offering instruction for grades K-2. Each subsequent school year, an additional grade was added, and the school served students in grades K-5 until 2025. Valley Inquiry became authorized to educate students in grades K-8 commencing with the 2025-2026 school year, and will again expand to include grade 6 beginning with the 2025-2026 school year and add one additional grade each year thereafter until the school serves students in grades K-8.. In March 2010, the Valley Inquiry became the first public elementary in the Pacific Northwest to be authorized as a Primary Years Program (PYP) International Baccalaureate (IB) World School, and shortly thereafter changed its name to Valley Inquiry Charter School to better reflect the values and mission of the school.  Valley Inquiry operates its charter school in facilities located at 5774 Hazelgreen Road Northeast, Salem, Oregon.