Utah Charter School Finance Authority
Transaction summary
Piper Sandler acted as sole manager for the Utah Charter School Finance Authority’s $17,660,000 issuance of Charter School Revenue Bonds for George Washington Academy (GWA). The bonds were enhanced by the Utah Credit Enhancement Program, earning a rating of “AA” by S&P, with an underlying rating of “BBB-”.
Proceeds of the Series 2026 Bonds were used to:
- Fund the acquisition, construction, rehabilitation, renovation and equipping of classrooms and other facilities at GWA’s current location in St. George, Utah
- Fund a deposit to the debt service reserve fund
- Pay capitalized interest on the Series 2026 Bonds
- Pay costs of issuance
About George Washington Academy
Founded in 2005, George Washington Academy is a K–7 public charter school located in St. George, Utah, currently operating its educational facilities at 2277 South 3000 East. GWA employs a research-based, academically rigorous Core Knowledge Sequence to ensure students meet and exceed the Utah State Core Curriculum. This curriculum is solid, sequential, and specific, grounded in the principle of establishing a national cultural literacy through a broad, common knowledge base. Currently, GWA serves 1,030 students in grades K–7.
