Tomball, Texas (February 2023) – The Rosehill Christian School announces the closing of a $6.9 million tax-exempt refunding note. This refunding note replaces the original taxable loan which was used for facility construction, land acquisition, and multiple campus renovations. The refunding converted the school’s taxable loan to a tax-exempt note by utilizing a conduit financing structure specifically designed for 501(c)(3) entities. This structure not only reduced the school’s interest costs, but also allowed the school to secure a long-term fixed-interest rate which eliminates the school’s risks associated with the previous loan’s adjustable interest rate.
Government Capital, Southlake, Texas, provided the tax-exempt refunding structure to meet the specific needs of the school. Additionally, Government Capital handled all of the conduit structuring required by IRS provisions along with analyzing the current market conditions to provide the most optimal financial structures.
“The tax-exempt refunding will provide significant benefits to our school and positions us to obtain more competitive financing options in the future as our school continues to grow,” commented Lauren Dyal, Head of School, Rosehill Christian School. “Prior to our introduction to this conduit structure, our school was unaware a tax-exempt financing option was available to schools such as ours.”
“I’d like to congratulate Lauren Dyal and the entire Rosehill Christian School staff on a successful closing,” stated Zac Saldi, Vice President, Governmental Capital Corporation. “We take great pride in serving Texas private and parochial schools and assisting them in meeting their financial goals and objectives.”
About Rosehill Christian School
Rosehill Christian School (RCS) was founded in 1990 and is located northwest of Houston in Tomball. RCS is a college-preparatory school currently educating over 470 students from Pre-K through 12th grade. The faculty to student ratio of 15:1 enables a small class setting which provides an environment for in-depth instruction to inspire, educate and transform each student (Isaiah 40:31). The school’s mission is to provide excellence in Christ-centered education as an extension of the Christian home. For more information, visit www.rosehillchristian.org.
About Government Capital Corporation
Government Capital Corporation (GCC) is a leading public finance firm providing professional financial services to all local governments and 501(c)(3) entities. Our affiliate company, Government Capital Securities Corporation (GCSC) has created multiple conduit issuers which are specifically designed to enable qualified 501 (c)(3) organizations access to tax-exempt financial markets statewide. Since our founding in 1992, GCC and GCSC have successfully completed thousands of tax-exempt financings exceeding $5 billion in Texas and across the country. For more information, visit www.govcap.com.