We served as bond counsel to Truist Bank in connection with a $20 million 501(c)(3) tax-exempt bond transaction to finance the construction of a new high school facility for a college preparatory school in Memphis, Tennessee. Proceeds from the bonds will support the development of a 68,000-square-foot Upper School and Arts wing. The new facility will include 32 classrooms, advanced science and technology labs, and a dedicated arts wing, expanding classroom space by nearly 50% and enhancing opportunities for interactive learning and creative expression.
$20 Million 501(c)(3) Tax-Exempt Financing for School Expansion
$20 Million 501(c)(3) Tax-Exempt Financing for School Expansion
We served as bond counsel to Truist Bank in connection with a $20 million 501(c)(3) tax-exempt bond transaction to finance the construction of a new high school facility for a college preparatory school in Memphis, Tennessee. Proceeds from the bonds will support the development of a 68,000-square-foot Upper School and Arts wing. The new facility will include 32 classrooms, advanced science and technology labs, and a dedicated arts wing, expanding classroom space by nearly 50% and enhancing opportunities for interactive learning and creative expression.