Read the full case study of our Alliance partnership here.
View Alliance S&P Ratings Report Here
Founded in 2004, Alliance College-Ready Public Schools is one of the largest charter school networks in the nation, operating 25 high-performing middle and high schools that educate nearly 13,000 students from Los Angeles’ most underserved communities. 95% of Alliance scholars have graduated from high school and been accepted to college, and the network’s schools have been recognized amongst the best in the nation by U.S. News and World Report, Newsweek, and the US and California Departments of Education.
Equitable Facilities Fund has committed to funding a $28.0 million, 30-year, fixed-rate loan to Alliance to advance refund bonds used for the construction of two middle school campuses and to refinance a New Market Tax Credit transaction.
“EFF has been a refreshing and constructive partner in our latest financing. As we assessed options to consolidate a number of outstanding existing maturities, EFF provided an opportunity for lower transaction costs and reduced borrowing rates, which will provide our schools with greater resources for scholars and staff. It has also been a great opportunity to work with a genuine thought partner who is committed to improving outcomes in our schools and communities.”
– David Lauck, Chief Business Officer