By Stephen Nakrosis

The Public Finance Authority is offering some $23 million in charter school revenue bonds, with proceeds slated to be loaned to Liberty Classical Schools Foundation Cherokee.

The borrower, a Georgia limited liability company, intends to purchase and renovate a currently leased facility in Canton, Ga., for use as a charter school, according to documents on MuniOS. The facility currently serves about 520 students.

The offering will be made in two tranches: a federally-tax exempt $23.5 million Series 2025A tranche and a federally-taxable $250,000 Series 2025B tranche.

The Series 2025A bonds are term bonds which will mature between June 15, 2035, and June 15, 2065. The Series 2025B term bonds will mature on June 15, 2029. Interest rates, prices and yields haven't been set. Interest on the bonds will be payable on each June 15 and Dec. 15, beginning Dec. 15, 2025.

The bonds are unrated, and will be secured by money held in a bond reserve fund and by loan payments. The bonds are a special limited obligation of the Authority.

The Public Finance Authority is a governmental entity established Wisconsin law, and is jointly sponsored by the National Association of Counties, National League of Cities, Wisconsin Counties Association and League of Wisconsin Municipalities. It was established to provide financing for projects on behalf of local governments throughout the country, including affordable housing, education, and infrastructure investment.

Baird is listed as the offering's manager.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

August 28, 2025 15:16 ET (19:16 GMT)

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