Things are happening behind the scenes to help the embattled charter school system EdKey right its financial situation. If the efforts succeed, students can continue attending Sequoia Pathway Academy in Maricopa.

UMB Bank, the trustee for more than $112 million in bonds issued for Edkey charter schools, said it will restart monthly interest payments to bondholders in October after nearly a year of suspension and at a time when Edkey is at a low point .

The Pima County Industrial Development Authority sold the bonds in 2016, 2019 and 2020 to help fund Edkey’s school facilities. In December, Edkey and its affiliates signed a forbearance agreement with trustees after falling behind on debt . The deal, later extended twice, pledged almost all school assets as collateral.

On Oct. 1

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