SOURCE: Ziegler


November 21, 2011 13:51 ET

Ziegler Closes $19 Million Sunset Retirement Communities Financing

CHICAGO, IL--(Marketwire - Nov 21, 2011) - Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $18,925,000 fixed-rate issue for Sunset Retirement Communities (Sunset). Sunset is a 501(c)3 non-profit organization which was founded in 1871 as the Home for Friendless Women, providing care and housing for women with limited financial means and without family or friends to care for them.

Sunset currently operates two retirement communities located in the City of Toledo and Sylvania Township, which are comprised of 65 congregate apartments, 150 assisted living units, and 81 skilled nursing beds. Sunset has recently expanded its continuum of services with hospice and palliative care programs. The Series 2011 Bonds were issued to refund the outstanding Series 2000A Bonds and structured to match the maturity of Sunset's refunded bonds. The refinancing saves Sunset Retirement Communities an average of $126,000 per year, which represents $1.35 million (7.27%) in net present value savings throughout the 19-year life of the Series 2011 Bonds. The Series 2011 Bonds are rated "A-" with a stable outlook by Fitch. In addition, Sunset is a new client for Ziegler.

Ziegler is one of the nation's leading underwriters of financing for not-for-profit senior living providers and offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. Tom Meyers, Managing Director in Ziegler's Senior Living practice, commented, "In the face of an ever changing operating environment, it was great to help Sunset deliver a slice of stability to its cash flows through 2030. The savings created by this financing will help add certainty to Sunset's mission as it journeys forward in caring for the elderly of the Toledo area."

For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

For more information about Ziegler, please visit us at

About Ziegler:

The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

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

This communication does not constitute an offer to buy these securities. The offering is made only by the Official Statement and through an appropriately registered representative. The Series 2011 Bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held, and, if sold prior to maturity, the yield received may be more or less than the yield calculated at the time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.

The corporation or its officers, directors, stockholders, or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your Financial Advisor before deciding whether to invest in these securities.

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