APA 2026-03 Bond Issuance Underwriting Services

Background
The State of Utah Division of Purchasing, through Utah Charter Academies (UCA), is seeking Statements of Qualifications from qualified investment banking firms to serve as the Managing Underwriter for the upcoming Series 2026 Charter School Revenue Bonds, estimated at approximately $64 million.
This financing is crucial for the expansion of UCA's network, which includes land acquisition and construction projects for multiple campuses.
The selected underwriter must have a proven track record in the national charter school bond market and be able to effectively market Utah-specific 'Pledged Revenue' credits to a national investor base.

Work Details
The Managing Underwriter will provide investment banking services including:
- Structuring debt service schedules and consulting on timing and terms.
- Preparing credit presentations for S&P Global Ratings.
- Identifying potential investors and executing a comprehensive marketing plan.
- Coordinating investor inquiries and management due diligence meetings.
- Negotiating interest rates and arranging for final closing and settlement.

Mandatory qualifications include:
- Licensing as an underwriter with the SEC and MSRB.
- Proven experience as managing underwriter for charter school bond offerings exceeding $50 million.
- Experience working with the Utah Charter School Finance Authority.

Period of Performance
The contract will be performed over the duration necessary to complete the bond issuance process, which includes structuring, marketing, and closing phases.

Place of Performance
The services will primarily be performed in Utah, particularly in coordination with UCA and relevant state authorities.

Bidder Requirements
Vendors must certify that they are not engaged in any economic boycott or boycott of the State of Israel as defined by Utah law.
They must also comply with all applicable federal and state laws, including those related to employment verification systems (E-verify) for personnel employed in Utah.