芝加哥（PRWEB） 2021 年 10 月 22 日

Ziegler, a specialty investment bank, is pleased to announce the successful closing of Redstone Presbyterian SeniorCare Obligated Group’s Series 2021 Bonds.

Redstone Presybterian SeniorCare (Redstone) is a Pennsylvania not-for-profit corporation that operates nearly 500 senior living units on three separate campuses, collectively referred to as Redstone Highlands, through Westmoreland County, Pennsylvania (located just east of Pittsburgh). In aggregate, Redstone’s three campuses are comprised of 310 independent living units, 133 assisted living units, and 77 skilled nursing beds. Redstone is also the parent company of multiple subsidiaries, including HHH Senior Specialist, a Pennsylvania not-for-profit corporation, which provides home health, home care, and hospice services within Redstone Highlands and the greater community of Westmoreland and Fayette counties in western Pennsylvania (also known as “Redstone@Home”). The Redstone Obligated Group consists of Redstone and Redstone@Home.

Redstone’s vision statement is “to be difference makers and world changers in one’s life plan”. The organization prides itself on its ability to create environments which focus on maximizing each resident’s physical, social, spiritual, emotional, and psychological wellbeing. Its three campuses provide opportunities for social interaction, personal growth, and community involvement.

Redstone’s $47.1 million capital structure is entirely comprised of bank debt whose commitment period expires in December, 2021. Redstone hired Ziegler to conduct a full-market bank search which provided several competitive bank alternatives with on-market business terms. After thoroughly assessing all of its capital options, Redstone decided to pursue a 100% public fixed interest rate bonds structure due to the exceptionally favorable, low current interest rate environment.

Proceeds of the Series 2021 Bonds will be used to refund Redstone’s outstanding Series 2013AB Bank Direct Placement Bonds held with Huntington Bank, finance a swap termination related to the Series 2013AB Bonds, fund a debt service reserve fund and pay for costs of issuance related to the financing. The Series 2021 Bonds were non-rated, and carry a yield to call of 2.82% and a blended weighted average yield to maturity of 3.25% for 26 years through 2047. The Series 2021 Bonds also have call provisions of 7 years @103%, declining to par in year 10. The Series 2021 Bonds will be Redstone Obligated Group’s only outstanding long-term debt secured by its Master Trust Indenture post issuance.

Mark Celigoi, Chief Financial Officer of Redstone stated, “We really appreciate the opportunity to work with Ziegler. Their team did a tremendous job on the financing which will solidify a strong financial footing for Redstone for years to come.”

Tom Meyers, Senior Managing Director, Ziegler Senior Living Finance added, “This represents Ziegler’s fifth time serving Redstone Presbyterian SeniorCare since 1989 and we tremendously value this long-standing relationship. The organization has grown substantially over the years and is a leading provider of care to seniors in Pennsylvania. Ziegler is proud to have served as a lead underwriter for this model organization.”

Ziegler is 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, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. For more information about Ziegler, please visit us at http://www.ziegler.com.

关于齐格勒：
齐格勒是一家私人控股的国家精品投资银行，资本市场和自营投资公司。 它特别关注医疗保健，高级生活和教育部门，以及一般市政和结构性融资。 Ziegler总部位于芝加哥，在美国各地设有地区和分支机构，为客户提供集资，战略咨询服务，固定收益销售，承销和交易以及Ziegler信贷，监控和分析服务。 要了解更多信息，请访问 http://www.ziegler.com.

本新闻稿中的某些评论代表根据《 1995年私人证券诉讼改革法案》的规定做出的前瞻性声明。该客户的经验可能不代表其他客户的经验，也不表示未来的表现或成功。 前瞻性声明受到多种风险和不确定性的影响，尤其是证券行业的整体财务健康状况，美国经济的医疗保健行业实力以及市政证券市场的实力以及公司的承保能力。并分配证券，公司建议的共同基金投资组合和独立账户投资组合的市场价值，零售经纪人的销售量，未决诉讼的结果以及吸引和留住合格员工的能力。

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