Keygent Advises on $160 Million Beverly Hills Unified School District Bonds

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Keygent Vice President, Chris Hiatt, was recently quoted in an article by the Beverly Hills Courier titled “BHUSD Sells $160 Million in Measure BH Bonds.”  Keygent advised Beverly Hills Unified School District (the “District”) on its first general obligation bond financing from its Measure BH authorization approved by District voters on June 5, 2018.  The District sold $160 million in bonds via competitive sale.  The District received bids from seven investment banks to purchase all of the bonds.  The proceeds from the bond sale will be used to fund the construction and modernization of District facilities.

As part of the bond issuance process, the District met with Moody’s and Standard & Poor’s (“S&P”) to update its credit ratings.  Moody’s affirmed the District’s ‘Aaa’ rating, which is Moody’s’ highest credit rating.  Additionally, S&P affirmed the District’s ‘AA+’ rating.