Ziegler Closes $8M Financing for the YMCA in Pabst Farms, WI
December 05 2011 - 10:37AM
Marketwired
Ziegler, a specialty investment banking firm, is pleased to
announce the successful closing of Young Men's Christian
Association (YMCA) at Pabst Farms, Inc. in Oconomowoc, Wisconsin.
The net proceeds of the 2011 Series Bonds will be used to pay four
outstanding bank notes that were originally used for the purchase
of the land and construction of the Pabst Farms facility.
The YMCA was originally founded in 1926 as the YMCA of Waukesha
County. The YMCA built and began operating its first facility in
1965 at North Silver Lake Street in Oconomowoc. It operated at that
location from 1965 to 2002. In 2003 the YMCA opened its new
facilities on 23 acres of land at 1750 Valley Road in Oconomowoc.
The two level, 115,000 square foot facility is located within the
1,600-acre residential subdivision commonly referred to as "Pabst
Farms," which acts as an anchor to present and future growth for
the Oconomowoc community.
Dave Schlosser, Managing Director at Ziegler, stated,
"Management for the YMCA initially had considered refinancing the
outstanding bank debt with tax-exempt bonds, however they were
drawn to our taxable bond proposal due to the simplicity of the
structure. With the Ziegler taxable bond structure, there was no
call protection on the long-term bonds and much fewer compliance
and legal issues involved. The end result was a more flexible
long-term structure that met the needs of the organization better
than the usual cookie cutter tax-exempt solution."
Since our founding in 1902, Ziegler has become a recognized
leader in providing mortgages, loans, and other financing solutions
to not-for-profit organizations nationwide. Ziegler is privileged
to serve America's large and small not-for-profits as well as many
religious organizations, schools, colleges, and universities.
For further information on the structure and use of this issue,
please contact Ziegler at (800) 366 -8899 for a copy of the
Official Statement.
For more information about Ziegler and 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. 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
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