Healthcare Facility Expansion Issue, Series 2016 (Seabury Retirement Community)
Borrower:
Church Home of Hartford Incorporated d/b/a Seabury
Par Amount:
$75,265,000
Purpose:
Bond proceeds financed Phase B & C of Seabury's Strategic Repositioning Plan, which includes the addition of 68 new independent living units, the addition of skilled nursing beds and assisted living units, and various renovation projects. This was CHEFA's first below invesment grade rated credit bond offering, which was very well received by investors, resulting in an overall interest rate of 5.0%.
Underwriter/Placement Agent:
B.C. Ziegler and Company
Closing Date:
April 21, 2016
Final Maturity:
September 1, 2053
Yield:
4.91%
Anticipated Board Approval:
Wednesday, February 17, 2016
For further information, search EMMA for this issue.