An esteemed private high school in Newport Beach, California, is preparing to enter the bond market by conducting a substantial municipal bond sale. The Sage Hill School intends to issue bonds worth around $54 million to fund the construction of a new middle school and improved athletic facilities.

This project is the largest capital endeavor undertaken by the school since 2018. The school's board of trustees includes notable individuals from prominent financial institutions such as Pacific Investment Management Co. (Pimco) and Goldman Sachs Group Inc., as well as executives from the video game industry, including Activision Blizzard Inc. This endeavor demonstrates the school's dedication to expanding its educational and athletic offerings in a competitive environment.