Ziegler Closes $20.46 Million Financing For Glencroft Senior Living
Ziegler, a specialty investment bank, is pleased to announce the successful closing of the
Proceeds of the Bonds will be used to (i) refund the Series 1997 variable rate bonds, issued by
The Series 2016 Bonds total
The Series 2016 Bond issuance marks an important achievement for the Glencroft organization. Glencroft was hit hard by the recession and housing market crash in
"This transaction sets up Glencroft well for the future," commented
Ziegler is one of the nation's leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including 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.
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 http://www.Ziegler.com.
About Ziegler:
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
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Read the full story at http://www.prweb.com/releases/2016/09/prweb13680274.htm
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