Ziegler Completes $90 Million Bond Financing for Givens Obligated Group
Ziegler has successfully priced $90 million in Series 2026 Bonds for the Givens Obligated Group, a provider of Continuing Care Retirement Communities (CCRC) in North Carolina. The financing will support several strategic capital initiatives, including the addition of 63 independent living residences at Givens Highland Farms, the acquisition of new corporate office space, and approximately $45.3 million in pre-development and renovation costs. The bonds carry an 'A-' rating with a negative outlook from Fitch Ratings and feature a 35-year final maturity with a weighted average maturity of 26.04 years. The transaction includes aggressive call provisions starting at six years. This successful pricing allows the Givens Obligated Group to advance its growth strategy despite recent market volatility.
Topics: bond pricing capital raising infrastructure development senior living
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