Public Finance

Wilson County, Tennessee School System


With deep experience in and knowledge of education-related bond financing, Stephens was able to help public officials navigate and understand the financing plan, support their capital needs and make a successful investment that benefited their community. 

Date: March 22, 2016
Client: Wilson County
Transaction: School System Bonds, Series 2016
Sector: Education
 

Since 2010, Wilson County, Tennessee has seen an influx of nearly 15,000 residents and an estimated population growth of 13%. In the last two years, more than 3,500 jobs have come to the area as global corporations moved factories and distribution centers into the fast-growing region. The related flow of new residents necessitated the expansion of and enhancements to Wilson County schools – a system that comprises 27 public schools including seven high schools, with some 20,000 students [Source: PublicSchoolReview.com].

The County responded with a five-year plan to build and furnish five new schools, and expand or renovate five others with critical funding provided by the issuance of school bonds. Among these was a $50,720,000 issue in Wilson County for School System Bonds in 2016, for which Stephens Inc. served as the Financial Advisor. With deep experience in and knowledge of education-related bond financings, Stephens was uniquely qualified to assist County leaders in the development of a financing plan to successfully fund the construction of and the improvements to Tuckers Crossroads Elementary, Gladeville Elementary, Southside Elementary, and Watertown Elementary schools, and Mt. Juliet Middle Schools.

Since 2000, Stephens’ team in Nashville has served as financial advisor on Tennessee bond issues, including education and other bond types – totaling more than $6.5 billion. “We help public officials navigate and understand the process, support their capital needs and make a successful investment that benefits their community,” said Ashley McAnulty, Senior Vice President, Public Finance. “When they finance these types of projects they rely on us to make sure that they receive reliable, low cost funding to take care of the needs in the local community.”

Meeting employers’ needs and the expectations of local constituents has taken on greater urgency as economic development in this part of the state has gone hand-in-hand with population and job growth. Top-quality, state-of-the-art schools make it easier to attract employers and sustain momentum in the region. With Stephens Inc. as a trusted advisor, Wilson County was able to raise the funding to ensure its schools continue to be competitive and attractive to both new and long-established residents.

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