Ziegler Closes $76,140,000 Financing For Everyage 2021

By Georgio Salas.
Updated Oct 20, 2021

CHICAGO (PRWEB) October 20, 2021 - Ziegler, a specialty investment bank, is pleased to announce the successful closing of the EveryAges (formerly United Church Homes and Services) $76,140,000 Series 2021A-D Bonds.

EveryAge, formerly United Church Homes and Services, (the EveryAge Obligated Group) is a North Carolina not-for-profit corporation organized in 1961 for the purpose of developing and managing housing, retirement communities and programs of outreach across the geographic boundaries of the Southern Conference of The United Church of Christ. The EveryAge Obligated Group consists of three life plan communities (Abernethy Laurels, Newton, NC / Piedmont Crossing, Thomasville, NC / Lake Prince Woods, Suffolk, VA) totaling nearly 1,000 units, ranking 92nd nationally according to the 2020 LeadingAge Ziegler 200. In addition to the Communities, EveryAge provides diverse services to seniors including a licensed home health agency and management and certain other administrative services to seven corporations operating 252 housing units for low-income seniors (HUD 202 Communities) and two PACE programs.

The Series 2021 Plan of Finance is comprised of both public fixed rate bonds and direct bank-held bonds as detailed further below:

Tommy Brewer, Managing Director, Ziegler Senior Living Finance stated, EveryAge is diligent in pursuing capital structure strategies that enhance the organizations ability to fulfill its mission. Brewer continued, The Series 2021 financings not only lowered annual debt service significantly, but also created covenant flexibility. Lee, John and the board of directors willingness to consider creative financing structures in an attractive market environment has helped position the organization to continue to prosper.

Ziegler is the nations leading underwriter 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.

About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit http://www.ziegler.com.

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 clients 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.