SOURCE: Ziegler


October 20, 2010 12:21 ET

Ziegler Closes $68 Million Charter School Financing for Renaissance Charter School, Inc.

CHICAGO, IL--(Marketwire - October 20, 2010) - Ziegler (PINKSHEETS: ZGCO) is pleased to announce the successful closing of the Renaissance Charter School financing; one of the largest charter school financings completed to-date. 

Ziegler structured a $68 million fixed-rate issuance with approximately $57 million in tax-exempt bonds and $11 million in taxable bonds with proceeds being used to finance construction of two new schools and refinance existing debt obligations. The bond issue received a "BBB" rating from Fitch Ratings.

Scott Rolfs, Managing Director and Head of Ziegler's Religion & Education practice, commented, "The creative financing structure and superior distribution highlight the value that Ziegler provides each of its charter school clients." The tax-exempt bonds and the unique 15-year taxable bonds were effectively sold through Ziegler's extensive relationships with institutional investors of charter school bonds.

For more information about Ziegler and this transaction, 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. 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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