Ziegler Closes $62 Million Financing for Episcopal Senior Communities
(firmenpresse) - CHICAGO, IL -- (Marketwire) -- 10/31/11 -- Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $62,200,000 fixed-rate issue for Episcopal Senior Communities (ESC). ESC is a California non-profit public benefit corporation providing housing, related facilities, and services for elderly persons on a non-profit, religious, and charitable basis.
ESC was founded in 1965 with the opening of its first CCRC in Pacific Grove. Today, ESC's obligated group is comprised of five continuing care retirement communities in Northern California and is rated BBB+ by Standard & Poor's.
The Series 2011 Bonds are being issued to 1) refinance the outstanding Series 1998 Bonds and 2) fund the reimbursement of approximately $10 million of capital expenditures related to the planned repositioning and expansion of ESC's Spring Lake Village CCRC. The refunding of the Series 1998 Bonds and maturity extensions are part of an overall plan to reduce maximum annual debt service in preparation for the Spring Lake Village Project financing in 2012.
Ziegler is one of the nation's leading underwriters of financing for non-profit senior living providers and offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. Mary Muñoz, Managing Director in Ziegler's Senior Living practice, commented, "ESC is among the highest rated and strongest multi-site senior living systems in the country. It is an honor to help them take the next step toward achieving their growth and redevelopment goals."
For further information on this issuer, please see the Electronic Municipal Market Access system's Document Archive.
For more information about Ziegler, please visit us at .
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
Christine McCarty
312 596 1617
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2011 - 20:12 Uhr
Sprache: Deutsch
News-ID 82096
Anzahl Zeichen: 0
contact information:
Town:
CHICAGO, IL
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 250 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ziegler Closes $62 Million Financing for Episcopal Senior Communities"
steht unter der journalistisch-redaktionellen Verantwortung von
Ziegler (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
