RMCA Advances Bond Refinance With Stiefel
Rocky Mountain Classical AcademySchool · Colorado Springs, CO- Disclosed value
- Approximately $2.6 million annually refinanced debt; current debt service was approximately $2.8 million annually
- From minutes
- Document date
- Oct 3, 2019
The 30-second brief
Rocky Mountain Classical Academy advanced a bond refinancing led by Stiefel as underwriter. The refinancing was expected to close in November 2019 and could reduce annual debt service from about $2.8 million to $2.6 million while lowering interest rates from approximately 6% to 4%-5%.
STIEFEL holds this financial services contract with Rocky Mountain Classical Academy. Its other public contracts on record include work for Weyauwega Police Department and Southwest Public Power Agency.
Term as filed: Refinance expected to close in November 2019; underlying bond obligation discussed as 30-40 years with a 7-year balloon payment.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $2.6 million annually refinanced debt; current debt service was approximately $2.8 million annually
- Document date
- October 3, 2019
- Term
- Refinance expected to close in November 2019; underlying bond obligation discussed as 30-40 years with a 7-year balloon payment
- Vendor
- STIEFEL
- Source document
- Rocky Mountain Classical Academy Minutes 2019-10-03 (Minutes)
STIEFEL's other public contracts
More Rocky Mountain Classical Academy contracts
Questions about this contract
Who was awarded the financial services contract by Rocky Mountain Classical Academy?
STIEFEL was awarded this financial services contract by Rocky Mountain Classical Academy, as recorded on October 3, 2019. The contract value is Approximately $2.6 million annually refinanced debt; current debt service was approximately $2.8 million annually.
How much is the STIEFEL contract with Rocky Mountain Classical Academy worth?
The STIEFEL contract with Rocky Mountain Classical Academy is valued at Approximately $2.6 million annually refinanced debt; current debt service was approximately $2.8 million annually, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Rocky Mountain Classical Academy Minutes 2019-10-03 (Minutes), dated October 3, 2019 from Rocky Mountain Classical Academy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does STIEFEL hold?
STIEFEL may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Rocky Mountain Classical Academy currently buying?
Explore Rocky Mountain Classical Academy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.