Finance · Debt
Debt Service
Annual principal & interest owed across the bond portfolio, coverage against covenants, and the year-by-year amortization schedule.
Bonds outstanding
$65.96M
$67M par · 3 series
Annual debt service
$5.07M
P&I this fiscal year
Weighted-avg coupon
4.32%
final maturity May 1, 2046
LOC balance
$9.30M
~$684K/yr interest carry
Covenant compliance
Debt Service Coverage (DSCR)
In compliance1.42xrequired ≥ 1.20x
$7,200,000 net revenue ÷ $5,070,264 debt service
Days Cash on Hand
In compliance52 daysrequired ≥ 45 days
$21,000,000 unrestricted cash & investments
Continuing disclosure
Dec 27, 2026
Annual EMMA filing · due in 160d
Audited financials + operating data
Coverage uses illustrative net-revenue, cash, and operating-expense inputs — replace with the network's audited figures. Debt-service amounts are computed from each bond's par, coupon, and term (level debt service).
What backs the coverage
Backed by enrollment
6,531 FTE
Break-even — where Charter School Capital Outlay covers those obligations.
Coverage sensitivity
If enrollment-driven net revenue fell:
Today1.42x
−10% revenue1.28x
−20% revenue1.14x · breach
8 campuses down $1.26M FEFP vs. last year — monitor →
By series
| Series | Coupon | Matures | Par | Outstanding | Annual debt service |
|---|---|---|---|---|---|
| 2026 Revenue Bond — Series A BND-2026A · Granite Trust Company, N.A. | 4.60% | May 1, 2046 | $30,000,000 | $30,000,000 | $2,326,312 · 2027 |
| 2025 Revenue Bond — Series A BND-2025A · Union Fiduciary Trust, N.A. | 4.25% | Jun 1, 2045 | $22,000,000 | $22,000,000 | $1,654,836 · 2026 |
| 2023 Revenue Bond — Series A BND-2023A · First Harbor Bank Trust, N.A. | 3.85% | Jul 1, 2043 | $15,000,000 | $13,957,071 | $1,089,116 · 2026 |
| Portfolio | $67,000,000 | $65,957,071 | $5,070,264 |
Debt-service schedule · next 12 years
| Year | Principal | Interest | Total P&I | Composition |
|---|---|---|---|---|
| 2026 | $1,271,605 | $1,472,347 | $2,743,952 | |
| 2027 | $2,269,753 | $2,800,511 | $5,070,264 | |
| 2028 | $2,367,238 | $2,703,027 | $5,070,264 | |
| 2029 | $2,468,929 | $2,601,335 | $5,070,264 | |
| 2030 | $2,575,010 | $2,495,254 | $5,070,264 | |
| 2031 | $2,685,672 | $2,384,592 | $5,070,264 | |
| 2032 | $2,801,112 | $2,269,153 | $5,070,264 | |
| 2033 | $2,921,538 | $2,148,726 | $5,070,264 | |
| 2034 | $3,047,166 | $2,023,098 | $5,070,264 | |
| 2035 | $3,178,222 | $1,892,042 | $5,070,264 | |
| 2036 | $3,314,942 | $1,755,321 | $5,070,264 | |
| 2037 | $3,457,572 | $1,612,692 | $5,070,264 |
Principal Interest