Ziegler Arranges $130.3M Bond Financing to Refinance, Renovate CCRCs in Seattle

NELLIE DAY | September 6, 2016

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Ziegler, a specialty investment bank, has priced $130.3 million in fixed-rate bonds for Presbyterian Retirement Communities Northwest (PRCN), a nonprofit operator of three continuing care retirement communities (CCRCs) in Seattle. The bonds, which are expected to close in October, will refinance $98.9 million in existing bonds. The remaining funds will be used for renovations at Park Shore and Fred Lind Manor, two of the company’s CCRCs.

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OTHER ARTICLES

HOW OPEN BANKING IS CATALYZING PAYMENTS CHANGE

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BITCOIN AND CRYPTO

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