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Ziegler Closes $87,460,000 Financing For Cedar Crest, Inc.

Mar 25, 2022over 3 years ago

Amount Raised

$87.5 Million

Description

Ziegler, a specialty investment bank, is pleased to announce the successful closing of a financing for Cedar Crest, Inc. (the “Borrower” or “Cedar Crest”), for a campus expansion and the refunding of prior debt. The financing is comprised of $57,460,000 of Series 2022A Fixed Rate Revenue Bonds (the “Bonds”) and $30 million of bank debt directly purchased by BMO Harris Bank (the “Bank Debt”).

Company Information

Company

Ziegler

About

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 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. # # #

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