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New Canaan YMCA Issue, Series A

Borrower: 
New Canaan YMCA
Par Amount: 
$9,145,000
Purpose: 

Bond proceeds financed the refunding of a commercial construction loan which was used to finance improvements and expansion at the YMCA's campus.   Projects included renovations to an existing competition swimming pool; construction of a new aquatic center; construction of locker rooms, a patio, family activity center, offices, multi-purpose space and three fitness studios; renovations to the mind/body studio, gymnasium, fitness studios and offices; and an approximate 16,000 square foot expansion, increasing the total building square footage to 108,500 square feet. 

Private Placement - United Bank
Closing Date: 
December 15, 2017
Final Maturity: 
January 1, 2043
Yield: 
2.99%
Anticipated Board Approval: 
Wednesday, November 15, 2017

For further information, search EMMA for this issue.