Capstone’s Debt Advisory Group is pleased to announce the closing of a $25 million senior secured credit facility for a fast-growing provider of management services to public charter schools. Services offered to its client schools include program and curriculum development, teacher training, school branding/marketing, enrollment, food services, facility management and back office functions including accounting, payroll, purchasing, HR and IT systems development and support. The secured credit facility will be used to finance an internal recapitalization amongst its ownership base and refinance existing debt.
Our client plays a critical management role for its client schools, including program and curriculum development, teacher training, school marketing, enrollment, food services, facility management and back-office functions including accounting, payroll, purchasing, HR and IT systems development and support. We were pleased to assist with securing their credit facility, allowing them to recapitalize and refinance existing debt. We wish the team well as they seek to grow the business.
