First Student Bidco Inc, founded in 2021, is based in Hamilton, Bermuda, and operates as a leading provider of school bus transportation services across North America. The company focuses on delivering safe, reliable, and efficient transportation solutions for students, catering to both public and private educational institutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FRSTST 4.00% 2029-07-31 USDFirst Student Bidco Inc | United States | 2029-07-31 | 4.000 | 5.57 |
| FRSTST 4.00% 2029-07-31 USDFirst Student Bidco Inc | United States | 2029-07-31 | 4.000 | 5.34 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
First Student Bidco Inc began issuing bonds in 2022, with its inaugural offering being a $300 million deal that attracted significant investor interest due to its strong backing by a robust revenue model and a commitment to safety standards. In 2023, the company issued additional bonds totaling $500 million to support fleet expansion and technological enhancements, featuring attractive yields that generally outperform the industry average. Their bonds are rated investment-grade, reflecting a solid financial position, and they continue to garner attention, especially in light of recent news surrounding increased funding for education and transportation systems.