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The Willows Community School Selects the CMFA as Issuer of a $25,500,000 Bond Financing

The proceeds of the bonds will be used to finance and refinance Willows Community School 2017 Project, refund all of the outstanding California Municipal Finance Authority 2012 Tax-Exempt Loan (Willows Community School) (the “2012 Loan”), issued to finance or refinance the 2012 Project, and pay costs of issuance and certain interest with respect to the Loan. The “2017 Project” is the acquisition, construction, improvement, renovation, furnishing and equipping of educational and related facilities, including athletic facilities, located on property adjacent to the Borrower’s main campus in the City of Culver City at: 8525 Higuera Street, Culver City, California 90232 and 8520 Warner Drive, Culver City, California 90232.

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