FINANCIAL_SERVICESAPPROVED

pacific_coast_academy_special_board_meeting_agenda.pdf

Board Approves Additional Receivables Sale to Charter School Capital

Not to exceed the lesser of $37,100,000.00 of gross receivables value and $31,500,000.00 of initial purchase (face value)Pacific Coast Academy DistrictCHARTER SCHOOL CAPITALDecember 10, 2025

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Description

Pacific Coast Academy’s board authorized the sale of additional state and federal funding receivables to Charter School Capital at a discount, in an aggregate amount not to exceed the lesser of $37.1 million in gross receivables and $31.5 million in initial purchase value. The action allows the school to enter into receivables purchase and related agreements to support cash flow financing.

Contract Details

Contract Amount

Not to exceed the lesser of $37,100,000.00 of gross receivables value and $31,500,000.00 of initial purchase (face value)

Vendor

CHARTER SCHOOL CAPITAL

Agency

Pacific Coast Academy District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

December 10, 2025

Renewal Info

Resolutions permit ongoing sale of additional receivables from time to time under Receivables Purchase Agreements and related documents, up to the authorized maximum amounts; future amendments consistent with the resolutions may be approved by authorized officers.