Jacksonville Country Day School

Jacksonville Country Day School
Taxable Term Loan
Wye River Group Served as JCDS’ Independent Financial Advisor for this Transaction.

Project Overview

Wye River served as JCDS’ independent financial advisor in connection the refinancing of its outstanding debt and the financing of new capital projects including approximately 17,000 SF of building interior renovation, central plant upgrades, and related site work.

Financing Overview

The School’s financing involved the refinancing of approximately $2 million of outstanding debt with approximately $3.1 million of “new money” for the various capital projects described above. JCDS received several highly-competitive proposals pursuant to a competitive financing solicitation conducted by Wye River Group. Leadership of the School selected a lender which provided a 11.25 year commitment, very attractive conventional fixed rate (with no interest rate swap required) and liberal security, financial covenant and banking relationship requirements. The transaction closed successfully on the School’s preferred schedule in April 2019.