Ziegler Closes $36 Million Clermont Park Financing for Christian Living Communities
November 18 2011 - 1:22PM
Marketwired
Ziegler, a specialty investment bank, is pleased to announce the
successful closing of a $24,445,000 fixed-rate placement issue and
a $12,000,000 direct bank placement issue for Christian Living
Communities (CLC). Stifel Nicolaus served as co-senior manager on
this financing with Ziegler and provided considerable distribution
support, especially to retail investors.
CLC is a 501(c)3 faith-based, non-profit organization providing
housing, healthcare, and home and community based programs to over
1,000 seniors and families in the state of Colorado. CLC was
organized in 1972 and currently owns and operates three separate
communities, each designed to deliver its residents a continuum of
healthcare services and independent living options. The three CCRCs
operated by CLC include Clermont Park, located in Denver, Colorado,
and the Johnson Center Community and Holly Creek Community, both
located in Centennial, Colorado. CLC ministers to senior adults
through a continuum of services and care that reflects their
mission of "Christian love, respect and compassion and that
enriches the quality and dignity of life for each individual."
As one of the nation's leading underwriters of financing for
non-profit senior living providers, Ziegler 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. Will Carney, Managing Director in Ziegler's
Senior Living practice, states, "This financing fulfilled a
long-term goal of Christian Living Communities (CLC) -- the
renovation and redevelopment of CLC's first senior living campus in
the Denver market which began serving residents in 1972. CLC is a
leading not-for-profit senior living provider in Denver and this
project further extends their leadership and strong market
position."
For further information on the structure and use of this issue,
please see the Official Statement located on the Electronic
Municipal Market Access system's Document Archive.
For more information about Ziegler, please visit us at
www.Ziegler.com.
About Ziegler:
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
This communication does not constitute an offer to buy these
securities. The offering is made only by the Official Statement and
through an appropriately registered representative. The Series 2011
Bonds may not be appropriate for all investors. Market value and/or
accrued interest will fluctuate during the period held, and, if
sold prior to maturity, the yield received may be more or less than
the yield calculated at the time of purchase. Discounted yields
herein are gross yields to maturity. Discounted bonds may be
subject to capital gains tax, rates of which will vary, so
investors should consult their own tax advisor with regard to their
personal tax situation. Interest on municipal bonds may be exempt
from federal income tax but may be subject to tax for residents of
certain states. For bonds designated AMT, taxes may exist for
certain investors. Ziegler will sell these bonds on a principal
basis.
The corporation or its officers, directors, stockholders, or
members of their families may at times have a position in the
securities mentioned herein and may make purchases or sales of
these securities. Not all call or put information is identified in
the description above. Please be sure to discuss any special
features with your Financial Advisor before deciding whether to
invest in these securities.
Christine McCarty 312 596 1617 Email Contact
Ziegler Companies (CE) (USOTC:ZGCO)
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