Pinewood Preparatory School Building New Facilities With $27.25 Million in JEDA Bonds
Summerville, SC — Dorchester County
The South Carolina Jobs-Economic Development Authority (JEDA) issued a $27,250,000 Educational Facilities Revenue Bond for improvements at Pinewood Preparatory School in Summerville.
Founded in 1952, the independent college preparatory day school now serves approximately 865 students from preschool through 12th grade at its campus at 1114 Orangeburg Road in Summerville. The bond proceeds will fund the construction of a new baseball and tennis complex, an auxiliary gymnasium, and a performing arts center. A portion of the financing will be used to refinance outstanding obligations, improving the School’s long-term debt structure and financial position.
“This investment represents a strategic commitment to both excellence and sustainability. By expanding our athletic and performing arts facilities while responsibly refinancing existing obligations, we are strengthening our campus, enhancing the student experience, and positioning Pinewood for continued long-term financial stability.”
Jordyn Baker, Chief Financial and Operations Officer at Pinewood Preparatory School
“Tax-exempt financing enables schools like Pinewood Prep to pursue transformational campus upgrades while managing costs in a fiscally responsible way. We’re pleased to support this next phase in the School’s long and respected history,” said Carol Clark, Bond Counsel at Haynsworth Sinkler Boyd, P.A., in Charleston.
“Helping institutions like Pinewood Prep invest in their future is at the heart of JEDA’s mission. This bond issue is a great example of how our financing tools can empower educational excellence and community development across South Carolina,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
