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Follow on Google News | Earle Special School District Refinance Will Save District Over $673,000First Security Beardsley Public Finance served as Fiscal Agent for the Earl Special School District’s bond refinance that will save the district $673,873 over the life of the bond issues
By: Ginny Wiedower, Communications Coordinator First Security Beardsley Public Finance, a division of Crews & Associates, Inc., served as Fiscal Agent (FA) for the two bond issues, totaling $3,725,000 and $2,160,000 respectively. The $3,725,000 bonds will mature in 2028 with the $2,160,000 bonds maturing in 2034. The refunding bonds are classified as 2010 Tax-Exempt, Bank Qualified refunding bonds, and the capital gained through the issuing of the bonds can be used by the school district toward new construction of, capital repairs to, or renovation of academic facilities, or purchase of academic equipment. Both transactions are rated Aa3 by Moody’s Investors Service. “This is an opportunity for the Earle Special School District to invest in its students through capital improvements,” The Earle Special School District includes Earle Elementary School and Earle High School. About First Security Beardsley Public Finance Little Rock-based First Security Beardsley Finance, a division of Crews & Associates, Inc., provides financial advisory services to public school districts. The firm puts particular emphasis on service to Arkansas schools and is dedicated to providing clients with a number of valuable services not provided by competing firms. About Crews & Associates, Inc. Little Rock-based Crews & Associates, Inc. is a full-service investment banking firm dedicated to the structuring, financing, and distribution of fixed-income products nationally. Founded in 1979, Crews & Associates is a wholly-owned subsidiary of First Security Bancorp and has served as a managing underwriter for more than $33 billion in financings in 48 states across the country. www.crewfs.com # # # About Crews & Associates: Little Rock-based Crews & Associates, Inc. is a full-service investment banking firm dedicated to the structuring, financing, and distribution of fixed-income products nationally. Founded in 1979, Crews & Associates is a wholly-owned subsidiary of First Security Bancorp and has served as a managing underwriter for more than $33 billion in financings in 48 states across the country. www.crewfs.com End
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