Transaction Summary

Piper Sandler acted as sole manager for the Savannah Economic Development Authority’s $8,030,000 issuance of Revenue Bonds for Coastal Empire Montessori Charter School (CEMCS). The bonds were nonrated and consisted of $7,510,000 in tax exempt revenue bonds and $520,000 in taxable revenue bonds.

Proceeds of the Series 2026 Bonds were used to:

Finance or refinance (including through reimbursement) the costs of acquiring, constructing, renovating, improving and/or equipping land and educational facilities

Fund interest on the Series 2026 Bonds

Pay costs of issuance of the Series 2026 Bonds

About Costal Empire Montessori Charter School

Coastal Empire Montessori Charter School (CEMCS) is one of Georgia's longest-operating charter schools, having begun operations in the 2008–09 school year with 50 students in grades PreK–K. CEMCS currently serves approximately 212 students in grades Pre-K through 5. The school's original campus, which has served CEMCS since its founding, is located in a rural area of Savannah and consists of 12 modular buildings. The new campus is situated in an urban environment and features a more traditional, permanent school facility. The transaction was successfully completed despite CEMCS carrying a Comprehensive Support and Improvement (CSI) designation — a testament to the school's demonstrated academic progress and the leadership team's ability to effectively communicate their turnaround story and improvement plan to potential investors.