Cherokee County School System, Ga., prepares $109.43 million of G.O.s

By Sheri Kasprzak

New York, Jan. 29 – The Cherokee County School System of Georgia is set to price $109,425,000 of series 2015 general obligation bonds, according to a preliminary official statement.

The offering includes $51,315,000 of series 2015A bonds and $58.11 million of series 2015B G.O. refunding bonds.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The 2015A bonds are due 2021 to 2033, and the 2015B bonds are due 2018 to 2019 and 2026 to 2028.

Proceeds will be used to construct new school facilities and administrative facilities, as well as to renovate existing school buildings.

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