Ziegler Closes $130,815,000 Financing For The United Methodist Retirement Homes

By Heath Fellows.
Updated Dec 9, 2021

CHICAGO (PRWEB) December 09, 2021 - Ziegler, a specialty investment bank, is pleased to announce the successful closing of the United Methodist Retirement Homes (UMRH) $130,815,000 Series 2021A and 2021B Bonds (collectively, the Series 2021 Bonds).

UMRH is North Carolina based multi-site Life Plan Community operator with three communities (Croasdaile Village, Durham, NC / Cypress Glen, Greenville, NC / Wesley Pines, Lumberton, NC) totaling nearly 1,000 total units. Based on their current unit complement, UMRH is ranked as the 3rd largest not-for-profit operator of senior living units in North Carolina and 91st in the US according to the 2021 LeadingAge Ziegler 200.

The Series 2021 Bonds comprise both public fixed rate bonds and direct bank-held bonds that enables UMRH to lock-in significant cash flow savings while borrowing $32.6 million of new money capital with their maximum annual debt service unchanged. The individual components of the Series 2021 Bonds are outlined further below:

Tommy Brewer, Managing Director, Ziegler Senior Living Finance stated, UMRH has always been extremely proactive in managing their capital structure to take advantage of attractive market opportunities. The Series 2021 Bonds are another example of UMRHs willingness to be creative in its efforts to reduce costs, which ultimately benefits its residents.

Ziegler is the nations leading underwriter of financings 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.

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