Cherokee County School System of Georgia preps $71.09 million general obligation bonds

By Cristal Cody

Tupelo, Miss., Jan. 23 - Cherokee County School System in Georgia intends to price $71.09 million of general obligation bonds (Aa1/AA+/), according to a preliminary official statement.

The deal includes $46,285,000 of series 2014A bonds due 2018 through 2033 and $24,805,000 of series 2014B bonds due 2020 through 2024.

The bonds will price in a negotiated offering managed by Citigroup Global Markets Inc.

Proceeds will be used to acquire, construct and equip new school facilities, renovate existing school facilities and acquire system-wide technology improvements.

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