CTC’s Bond Sale a Success, Paving the Way for Future Growth!

Big news! CTC successfully sold $59 million in General Obligation School Facilities Bonds this week—an important step toward the future improvements approved by voters in November.

 

Despite a challenging market, the bonds were in high demand, attracting major investors like State Farm Insurance Companies, Goldman Sachs Asset Management, PIMCO, Parametric, Boston Company Trust, Moneta Group, United Trust Parametric, Vanguard and Mackay Shields, and even individual investors who contributed over $100,000 in orders. The final interest rate was locked in at 4.68% over 37 years, ensuring that the projected millage remains at or below the 0.94 mills promised on the ballot.

 

With this key financial milestone completed, CTC’s financing team—including Bradley Payne (Municipal Advisor), Dinsmore and Shohl (Bond Counsel), and Stifel (Underwriter)—is finalizing the paperwork. The bond proceeds are set to be received on March 25, bringing us one step closer to exciting enhancements for our students and community.

 

Thank you to our voters and supporters for making this possible—big things are ahead for CTC! 🚀