Investment Banking

by
Nick Prassas,
on September 24, 2009 -
Investment Banking
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Lemons to Lemonade: How Island Pacific Academy beat the Credit Crisis

Press Release Kapolei, Hawaii: Six months ago, Island Pacific Academy was like many start-up independent schools. Even though it had enrolled 650 students PK-11 in four years of existence, it struggled to meet the debt service on a $20 million bond issue amidst rising costs and the stagnant enrollment of the current recession. Today, the [...]

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by
Nick Prassas,
on February 21, 2007 -
Investment Banking
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Maui School Financing

Prassas Capital has closed a tax-exempt private placement for the Montessori of Maui independent school. The proceeds of the financing will be used to finance new classrooms, a multi-purpose facility, and site preparation and improvements. As a small, unrated, first-time borrowing, the financing accomplished important objectives that were simply not possible with other alternatives: • [...]

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by
Nick Prassas,
on January 17, 2007 -
Investment Banking
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Interest rate swaps

“If you’re in a poker game and you don’t know who the patsy is, you’re the patsy”. Warren Buffet Today’s Bloomberg: The Reading, Pennsylvania school district must pay $230,000 to Deutsche Bank because it is on the losing side of a wager on long-term interest rates. Excerpts from the article: “It was all done in [...]

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