KIPP DC is part of the nationally acclaimed KIPP (Knowledge is Power Program) network of schools, which has been widely hailed as one of the country’s most successful innovations in educating low-income minority youth. In 2001, a team of dedicated educators founded KIPP DC and opened with 80 fifth grade students in a church basement. At the time of their recent financing in early 2019, KIPP DC operated a network of sixteen high-performing charter schools educating over 6,200 students in grades Pre-K3 through 12 across six campuses in Washington DC.

Taxable Term Loan
Wye River Group Served as the Borrower’s Financial Advisor for this Transaction.

Project Overview

Wye River has served as KIPP DC’s independent financial advisor on numerous transactions over the past decade.

In its most recent transaction in early 2019, KIPP DC acquired an existing charter school and campus property in Washington DC that was scheduled to close at the end of the year. KIPP DC secured a $45 million taxable term loan to fund the acquisition of certain leasehold interests in campus property and certain construction, renovation and potential future expansion costs related to the school acquisition.

Read the Case Study

Let’s start a conversation

  • This field is for validation purposes and should be left unchanged.