Orange County Board of Education Regular Meeting Agenda February 2026
HJ Sims Provides $750,000 Revenue Bond Financing to Explore Academy
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Description
Explore Academy approved and received $750,000 in revenue bond financing arranged by HJ Sims, with the first $100,000 principal payment due May 25, 2026. This transaction was part of a debt structuring strategy to address prior liabilities.
Contract Details
Contract Amount
$750,000 revenue bonds, principal payment $100,000 due May 25, 2026
Vendor
HJ SIMS
Agency
Orange County Department of Education, CA
Contract Type
FINANCIAL_SERVICES
Document Date
February 2, 2026
Contract Term
Bond proceeds received June 14, 2024; first principal payment due May 25, 2026
Renewal Date
2026-05-25
Renewal Info
Bonds issued May 2024, with first principal due May 25, 2026; terms specify escalated interest in default. No automatic renewals specified.
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