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Board names placement agent and bond counsel for potential refinance of 2017 series
Summary
The Rankin board selected Bernardi Securities, Inc. as placement agent and Chapman and Cutler LLP as bond/disclosure counsel to explore a potential refinance of the district's Series 2017 bonds.
The Rankin School District #98 Board on Nov. 18 approved selecting Bernardi Securities, Inc. as the underwriter/placement agent and Chapman and Cutler LLP as bond/disclosure counsel to pursue a potential refinance of the Series 2017 bond issue. The motions (7.III and 7.IV) passed by unanimous roll-call votes recorded as all "Yea."
Superintendent Dr. Gordon and board members discussed the items as preparatory steps; the minutes note these selections but do not record final refinancing terms or a timeline for execution. The board's action authorizes staff to proceed with work required to evaluate a refinance; any final sale or refinancing would return to the board for approval if required by policy or statute.
