At PNC,[1] we combine a wider range of financial resources with a deeper understanding of your organization to help you achieve your goals.
PNC Understands Charter Schools
Owning a facility is important to a charter school achieving its mission of offering a quality education and provides stability as well as growth. As a leader in charter school financing, PNC understands the legal and financial variables that affect charter schools' ability to gain access to long-term financing rates through the issuance of municipal securities. Through our vast network of institutional investors, PNCCM[2] has created an active market for the purchase of charter school tax-exempt bond issues.
PNCCM Offers Solutions for Charter Schools
Charter Schools often cannot raise enough grant funds to cover the costs of their facility projects. Through accessing the bond market, our Charter School clients have obtained a suitable source of financing for their building projects. Debt service payments can be comparable to lease payments, which allow schools to own their buildings, rather than just renting their facility.
Most states, cities, counties, and school districts use tax-exempt municipal bonds as their major source of capital. The advantages of a tax-exempt bond issue are:
While more complex than typical bank financing, PNCCM's experience in this type of transaction can make the process easier. Once you have identified your project (refinancing of existing debt, acquisition, renovation or construction, and its financial scope), the bond process typically takes three to six months. During that time, the following are some of the tasks that will be required:
For more ideas about the solutions PNC can offer, contact:
Greg McKenna
greg.mckenna@pnc.com | 412-779-0066
An Tran
an.tran@pnc.com | 215-585-4978
Asignación de títulos rescatables Es posible que tu cuenta contenga títulos “rescatables”, los cuales permiten al emisor volver a comprar o canjear los títulos en una fecha específica. En el caso de un canje o de una demanda de títulos por parte del emisor, PNC Capital Markets LLC asignará los títulos que sean seleccionados para compra entre sus clientes de manera justa e imparcial a través de un sistema de lotería aleatoria. Si tu cuenta contiene títulos rescatables que estén sujetos a un canje o compra parcial, la probabilidad de que tus títulos sean seleccionados para compra es proporcional a los valores en cartera de todos los clientes de dichos títulos que PNC Capital Markets LLC mantiene al por mayor. Sin perjuicio de las declaraciones anteriores, PNC Capital Markets LLC además garantizará la asignación equitativa de los títulos rescatables al excluirse a sí misma al igual que a sus personas interesadas del sistema de lotería cuando se realice el canje conforme a términos que resulten favorables para PNC Capital Markets LLC, y se incluirá a sí misma al igual que a sus personas interesadas en el sistema de lotería cuando el canje se realice conforme a términos que no resulten favorables para PNC Capital Markets LLC.
PNC Capital Markets LLC is a registered broker-dealer and member of the FINRA and SIPC.
Lea un resumen de los derechos de privacidad para residentes de California, el cual describe los tipos de información que recabamos, así como la manera en que utilizamos dicha información y el motivo por el cual la utilizamos.