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