Chase Collegiate School

Chase Collegiate School is the product of the merger of two distinguished schools, St. Margaret's and The McTernan School. The School changed its name in 2005 to Chase Collegiate School, which honors the origins of both original schools and emphasizes the School’s commitment to prepare its students for college and beyond. The Chase family of Waterbury had early roles in founding both the Collegiate Institute/St. Margaret’s and The McTernan School. Throughout all grades, the School emphasizes superior reading, writing and speaking skills, as well as analytical thinking. The Chase curriculum also embraces the visual and performing arts and ‘no cuts’ varsity and junior varsity athletics as essential to developing well-rounded people.

Project:  Proceeds from the Series A issue were used to expand and renovate the Upper School, reconfigure the campus driveways to alleviate traffic congestion, and retire remaining construction costs from the Camp Hall expansion and renovation project.

Structure:  $11,060,000 Issue,Series A was a fixed rate transaction, insured by Radian Asset Assurance Inc.

Closing Date:  June 7, 2007.

Results:  The true interest cost for this transaction was 4.72%.

Financing Team:  Lewis & Munday; McCarter & English, LLP; P.G. Corbin Group, Inc.; Radian Asset Assurance, Inc.; Shipman & Goodwin LLP; Stifel, Nicolaus & Company, Incorporated; Tobin, Carberry, O'Malley, Riley & Selinger, P.C.; Wells Fargo Bank, N.A.