Ziegler Closes $72.646 Million HumanGood National Obligated Group Financing
Ziegler, a specialty investment bank, is pleased to announce the successful closing of the
HumanGood is a holding company that serves as the corporate parent to HumanGood NorCal (formerly
This transaction will join The Terraces of
The financing consists of two tax-exempt, fixed-rate bond issues, a tax-exempt variable rate bank placement, and a taxable variable rate bank placement. The aggregate
The two fixed-rate bonds will be issued through the
"It has been exciting to see the HumanGood organization coalesce under the new brand, and move through the integration of predecessor companies and financings," commented
"This financing had a lot of moving parts with two different issuing authorities, the desire to come under a common master trust indenture in advance of the bond closing, swap termination, mixture of fixed rate bond and bank placements and other aspects. Ziegler's deep experience with the issuers, the financing team and with our organization served us well. We are pleased with the pricing results and with the broad distribution achieved for the bonds," added
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 Statements (The Terraces of
For more information about Ziegler, please visit us at http://www.Ziegler.com.
About Ziegler:
Ziegler is a privately held investment bank, capital markets and proprietary investments firm. Specializing in the healthcare, senior living and education sectors, as well as general municipal and structured finance, enables Ziegler to generate a positive impact on the clients and communities it serves. Headquartered in
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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