SOURCE: Ziegler


June 23, 2011 14:04 ET

Ziegler Closes $20,725,000 Charter School Financing for Belle Chasse Academy, Inc.

CHICAGO, IL--(Marketwire - Jun 23, 2011) - Ziegler (PINKSHEETS: ZGCO), a specialty investment banking firm serving healthcare, senior living, religion, and education sectors, is pleased to announce the successful closing of the Belle Chasse Academy financing; the first tax-exempt revenue bond issued by a charter school in the state of Louisiana.

Ziegler structured a $21 million fixed-rate issuance to finance the construction of the Fine Arts Center, which was designed to help alleviate stresses affecting military dependent students. The center consists of a 400-seat auditorium, additional art and music classrooms, and five regular classrooms. The bond issue received a "BBB" rating from Fitch Ratings.

Rich Harmon, Managing Director in the Religion & Education practice, commented, "We were pleased to help Belle Chasse's further its mission of helping military dependent students as well as provide them with a customized financial plan." The financing was successful due to Ziegler's underwriting team and expert knowledge in the charter school market. In addition, premarket indicators surpassed the available bonds attesting to this success.

For more information about Ziegler and 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.

Contact Information