Press Release

Austin Independent School District (“Austin ISD”) plans to price approximately $750 million of Unlimited Tax School Building Bonds, Series 2024 (the “Bonds”) on or about March 26, 2024. The pricing date is preliminary and subject to change. The Bonds are the second installment of bonds being issued to fund district-wide projects approved by voters as part of a $2.44 billion November 2022 bond election.

Cabrera Capital Markets LLC will serve as Lead Manager in the sale of the Bonds, with UMB Bank, N.A. serving as Co-Lead Manager.

Austin ISD anticipates the issuance of a single series of bonds with a 25-year amortization. The preliminary official statement and official statement for the Bonds will be available via BondLink at BondLink.com and via the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access system at emma.msrb.org. 

Austin ISD anticipates that the proceeds from the sale of the Bonds will be used for (1) the design, construction, acquisition, rehabilitation, renovation, expansion, improvement and equipment of school buildings in the District (including but not limited to improvements to enhance safety, security, and energy efficiency) and the purchase of the necessary sites therefor and the purchase of new school buses, (2) the design, construction, acquisition, rehabilitation, renovation, expansion, improvement and upgrading of technology systems, infrastructure and equipment, (3) the design, construction, rehabilitation, renovation, expansion, improvement and equipment of stadium facilities in the District, and (4) paying costs of issuing the Bonds.

This news release is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the Bonds.  Any such offer or solicitation will only be made pursuant to the applicable preliminary official statement and/or official statement that prospective investors should review in entirety before making any investment decision.