JSerra Catholic High School issued the following press release today:
San Juan Capistrano, CA – Sept. 1, 2009 – JSerra Catholic High School announced today that it has closed on California tax-exempt bond financing and unsecured bank financing to refinance its short- and long-term debt.
Specific financial details of the loan were not released. The refinancing and restructuring of the existing debt – combined with better-than-forecast enrollment – helps position JSerra for long-term health, officials said.
“This is certainly an historic moment for our campus community,” said Tim Busch, Chairman of the Board of Directors and a JSerra Founder. “Milestones are coming faster and faster for JSerra. This is one that deserves special notice.”
JSerra is a school on the rise. JSerra’s world-class facilities are often compared to an Ivy League college campus. Last year’s senior class set new standards of achievement in academics, athletics and philanthropy.
All 176 graduates of the Class of 2009, including its first National Merit Scholar, will attend college. In athletics, the Lions boys’ soccer and baseball teams won the school’s first-ever Trinity League titles; the boys’ lacrosse team was CIF Division II champion. The school recently hired a two-sport Olympian to direct its aquatics program.
The senior class dedicated more than 30,000 hours of community service. The school has awarded nearly $3 million in financial aid since it opened. Among last year’s other highlights was the hiring of Frank Talarico as JSerra’s first president and CEO.
“The future is incredibly bright for JSerra,” Talarico said. “We’re financially healthy, which enables us to maintain our programs in the arts, sciences and our extra-curricular activities despite the challenges of the current economy.”
For more about JSerra, please visit its new Web site at www.jserra.org.