Insights

• 13th Annual Ziegler Senior Living Finance + Strategy Conference
  September 29 - October 1, 2010 - Bonita Springs, FloridaHeld September 29-October 1, the Senior Living Finance + Strategy is the industry's leading conference that focuses on cutting-edge finance and strategic positioning trends affecting today’s senior living providers.
• 2010 AAHSA Ziegler 100 Listing
  August, 2010 The 2010 AAHSA Ziegler 100 confirms, once again, the significant role that AAHSA-member not-for-profit organizations play in the aging services field. This report, the seventh edition of the AZ 100, is a snapshot of the long-standing story of our members’ enlightened leadership, transformation and good works. By telling their stories, these members are engaged in shared learning – sharing their experiences and strategies with the entire field. At the same time, they are helping to increase public awareness and understanding of our sector of aging services.
• Christian Homes (2010)
  July, 2010 - Amount: $25,000,000, State: ILThe Series 2010 Bonds were issued to 1) fund the construction of 47 skilled nursing units at Hickory Point Christian Village; 2) fund the construction of a 22-bed skilled nursing bed wing and a therapy gym expansion for the Lewis Memorial Christian Village; 3) fund various other capital improvements at campuses in Illinois (these three projects total approximately $13 million); 4) currently refund all the Series 2007C Bonds approximately $8 million and pay swap termination fees of approximately $980,000; and 5) fund a debt service reserve fund. As part of the Series 2010 financing, Christian Homes obtained a “BBB-” rating with a stable outlook from Fitch.
• Baywood Court
  July, 2010 - Amount: $18,940,000, State: CAThe 2010 Certificates of Participation (COPs) were issued to 1) current refund $16,170,000 of outstanding Series 2004 LOC-backed VRDBs, 2) finance $600,000 of various expansion and remodeling projects, 3) fund the termination of the existing swap in the amount of $637,700, 4) fund the Debt Service Reserve Account, and 5) pay certain expenses of issuing the 2010 COPs. The main purpose of the refinancing was to eliminate future interest rate risk and letter-of-credit renewal risk.

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