River Springs charter working capital
California Enterprise Development AuthorityCalifornia- Detected
- Jul 16, 2026
- 110 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
CEDA approved up to $15,000,000 in tax-exempt revenue anticipation notes to provide working capital for River Springs Charter School as it undertakes facilities transactions and adds about 600 students in 2026-27. The notes cover cash needs while $8 million in facilities security deposits are tied up, supporting operations across more than 20 campuses and 743 jobs. With added enrollment and facilities activity, River Springs will have growing needs for educational services, staffing, systems, and facility support funded by this liquidity.
Financing supports two facilities transactions requiring $8M in security deposits and anticipated enrollment growth of 600 students.
From the meeting
- Meeting date
- July 16, 2026
- Agency
- California Enterprise Development Authority
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