Ziegler Closes $31 Million RiverMead Financing
December 19 2011 - 10:26AM
Marketwired
Ziegler, a specialty investment bank, is pleased to announce the
successful closing of a $31,210,000 non-rated, fixed-rate bond
issue for Peterborough Retirement Community at Upland Farm, Inc.
(RiverMead).
RiverMead was formed in 1991 and the original continuing care
retirement community campus at RiverMead opened in December 1995.
RiverMead's existing campus is situated on a 56-acre site in south
central New Hampshire in the town of Peterborough. RiverMead
currently consists of 114 independent living units, 53 assisted
living units, 27 skilled nursing beds, a wellness center, and over
35,000 square feet of community and amenity space, the majority of
which is located in the main community center.
The Series 2011 Bonds are being issued to: 1) fund the
construction of The Village to house approximately 40 independent
living units (consisting of 30 apartments and 10 cottages) and
approximately 20 assisted living beds as part of an expansion to
RiverMead's existing facilities and services, which building will
provide common area space to include, but not limited to, a
library, conference space, a pub, a movie theater and a fitness
center; 2) fund the construction of a new underground parking lot;
3) fund or reimburse routine capital expenditures and miscellaneous
construction, renovation, improvements, and equipping of
RiverMead's continuing care retirement community facilities; 4)
fund debt service reserve funds for the Series 2011 Bonds; 5) fund
capitalized interest with respect to the Series 2011 Bonds; and 6)
pay certain costs of issuing the Series 2011 Bonds. The Village
will be constructed in such a way as to potentially provide for
nursing care in the future.
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. Keith Robertson, Director in Ziegler's Senior
Living practice, states, "Since opening in 1995, RiverMead has
fulfilled its mission by providing quality housing and care to
seniors in the Northern New England area. Through the Board's
active involvement and foresight The Village expansion will allow
RiverMead to position itself for the future by meeting unmet demand
in the area while furthering its mission. It was an honor for
Ziegler to work with the RiverMead organization, a premier senior
living provider in New Hampshire."
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)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ziegler Companies (CE) (USOTC:ZGCO)
Historical Stock Chart
From Jul 2023 to Jul 2024