|[December 10, 2012]
Silicon Valley School Continues to Grow With Innovative $54 Million Financing from Wells Fargo
SAN JOSE, Calif. --(Business Wire)--
Wells Fargo (News - Alert) & Company (NYSE: WFC) said it has refinanced $54 million for
Valley Christian Schools - known for its Microlab experiments aboard the
International Space Station - and providing capital funds enhancing the
San Jose educational institution's continued growth.
The refinancing provided a non-tax exempt funding solution with more
favorable terms for funding to allow increased enrollment. The school
expanded Skyway Campus by almost 55,000 square feet, including a
Conservatory of the Arts. The financing also provided capital to support
Valley Christian High School to expand the scope of academic offerings
to include cancer research in a Bio2 Safety Lab and an increase in the
number of experiments involving nanotechnology and molecular research
with recently acquired Atomic Force Microscopes.
"Wells Fargo's innovative capital investments strategy allowed Valley
Christian to develop the Applied Math, Science and Engineering Institute
which includes many innovations including experiments on the
International Station," said Dr. Clifford Daugherty, Valley Christian
"We are pleased to partner with Valley Christian Schools as they
continue to grow and enhance their programs and offerings in the San
Jose communit," said Margot Golding, the San Francisco-based executive
vice president for Wells Fargo's Education and Nonprofit Banking group,
which offers a wide range of customized public finance solutions for
capital improvement and a full line of banking products geared toward
educational institutions. "The schools' strong foundation provides a
nurturing environment for quality education, helping shape students who
positively impact their communities."
An integral part of the California community, the Valley Christian High
School marching band has partnered with a marching band from Beijing,
China to perform as the East-West Fusion Band in the upcoming Rose
Parade, a first in the parade's history. Wells Fargo's iconic Stagecoach
will also be a part of the 124th Rose Parade, taking place on
Tuesday, January 1, 2013 in Pasadena.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank's
customers who conduct business in the global economy. With more than
265,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune's 2012 rankings of America's largest corporations. Wells
Fargo's vision is to satisfy all our customers' financial needs and help
them succeed financially.
About Valley Christian Schools:
Valley Christian Schools (VCS) is a private, K-12 Christian school
system with an enrollment that exceeds 2,400, located in the heart of
Silicon Valley in San Jose, California. Valley Christian Schools
provides rigorous college preparatory programs while offering a K-12
comprehensive education. VCS challenges students to aspire toward lives
of character, service, and influence while pursuing their individual Quest
for Excellence™ through A3 - Academic Achievement, Artistic Beauty,
and Athletic Distinction.
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