Cases & Deals

Ziegler Capital Markets underwrites $77,805,000 tax exempt bonds for Southern California Presbyterian Homes

Clients Ziegler Capital Markets

Jones Day acted as underwriter's counsel to Ziegler Capital Markets in connection with the issuance by the municipal authority California Statewide Communities Development Authority of its $77,805,000 Senior Living Revenue Bonds, Series 2009 (Southern California Presbyterian Homes). The California Statewide Communities Development Authority loaned the proceeds of the bonds to Southern California Presbyterian Homes ("SCPH") a nonprofit operator of continuing care retirement facilities for the elderly, for the purpose of, among other things, renovating certain of SCPH's facilities and refunding bonds the proceeds of which were loaned to SCPH in 2006. The bonds were issued on August 18, 2009 as five term bonds, each subject to a fixed rate, with a final maturity of November 15, 2041.