ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ZGCO Ziegler Companies Inc (CE)

40.26
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ziegler Companies Inc (CE) USOTC:ZGCO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.26 0.00 01:00:00

Ziegler Closes $31 Million RiverMead Financing

19/12/2011 3:26pm

Marketwired


Ziegler Companies (CE) (USOTC:ZGCO)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Ziegler Companies (CE) Charts.

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

1 Year Ziegler Companies (CE) Chart

1 Year Ziegler Companies (CE) Chart

1 Month Ziegler Companies (CE) Chart

1 Month Ziegler Companies (CE) Chart