{"id":509696,"date":"2026-10-27T17:18:11","date_gmt":"2026-10-27T17:18:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/509696\/"},"modified":"2026-10-27T17:18:11","modified_gmt":"2026-10-27T17:18:11","slug":"san-jose-schools-of-florida-offers-to-redeem-defaulted-bonds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/509696\/","title":{"rendered":"San Jose Schools of Florida offers to redeem defaulted bonds"},"content":{"rendered":"

\"Charter San Jose Schools in Jacksonville, Florida, is offering redemption of principal and interest.<\/p>\n

AdobeStock<\/p>\n

San Jose Schools of Florida is offering optional redemption on $56.8 million of charter school bonds after defaulting on them in December.\u00a0<\/p>\n

Processing Content<\/p>\n

Trustee UMB Bank announced the redemption of $56.8 million of principal plus $1 million of interest on the Municipal Securities Rulemaking Board’s EMMA website on Friday, setting Oct. 29 as the redemption date.<\/p>\n

The bonds affected are Series 2021A, 2021B, 2021C, and 2021D Florida Development Finance Corp. educational facilities revenue refunding bonds.\u00a0<\/p>\n

San Jose Schools is a doing-business-as name for Bold City Education, whose chief executive officer didn’t immediately respond to a request for a comment.<\/p>\n

UMB said in its EMMA posting the redemption is conditional upon the borrower providing funds for the redemption.<\/p>\n

The unrated bonds were issued in 2021 with D.A. Davidson & Co. as the underwriter to refund bonds and to fund facilities for a Sunbeam Campus and a San Jose Early College at Cecil Field, both in Jacksonville. The Sunbeam Campus holds both an elementary school for K-5 and a prep school for 6-12.\u00a0<\/p>\n

Nationally, charter school bonds posted the most defaults,<\/a> six, in the first half of the year, and the greatest number of defaults, 14, in 2025, across Default Trends’ 32 categories.\u00a0<\/p>\n

BlackRock Financial Management, Inc.\u2013Municipal Group served as the bondholder representative in negotiating a consent and waiver with Bold City Education. BlackRock declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"San Jose Schools in Jacksonville, Florida, is offering redemption of principal and interest. AdobeStock San Jose Schools of…\n","protected":false},"author":2,"featured_media":509697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[196554,553,13877,196555,88,90,89,18759],"class_list":["post-509696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-bond-defaults","tag-florida","tag-public-finance","tag-redemption-notices","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-school-bonds"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/509696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=509696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/509696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/509697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=509696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=509696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=509696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}