Opus Bank is pleased to announce it provided:

Title: Rocklin Unified School District
Amount: $9,900,000
Month: August
Year: 2017

Rocklin Unified School District

Opus Bank provides $9.9 Million Term Loan for Mello Roos CFD Bond Refunding

Opus Bank's Role

  • Formed in 1866, Rocklin Unified School District (the “District”) provides education services to an area of approximately 60,000 people in Rocklin, CA.
  • The District operates 11 elementary, two middle schools, two high schools, a continuation high school and the Rocklin Independent Charter Academy with almost 12,000 students in K-12 grades.
  • The mission of Rocklin USD is to ensure each student becomes a well-rounded individual who thrives intellectually and develops unique strengths to pursue and achieve personal ambitions while contributing to a dynamic world through a school system distinguished by: a culture of innovation, collaboration and high expectations, inspired personal learning and growth, respect and support for all those who serve our students, and vital partnerships throughout our community.
  • More information about the District can be found at http://www.rocklinusd.org.

Significance of Transaction

  • Opus Bank (“Opus”) worked closely with the District’s staff and financing team to refinance some of the District’s Mello Roos Community Facilities District bonds, generating savings of approximately $1,190,000.
  • The savings will be used for capital projects over the next 12 years.

Overview of Transaction

  • The refinancing was completed on a quick turn-around schedule, maximizing the interest savings benefits for future capital projects.

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