Ziegler Closes $53 Million Financing For Wesleyan Homes, Inc.

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Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $53,080,000 non rated, fixed-rate Series 2014 Bond issue for Wesleyan Homes, Inc. (Wesleyan Homes). Wesleyan Homes is a Texas not-for-profit corporation that was organized in 1955 to provide sheltered care for aged persons and to use its funds, property and assets to relieve, aid, and administer in any way to the relief of persons when in want or by reason of old age who are unable to provide for themselves.

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We were pleased to work with the Management and Board of Wesleyan Homes as the Series 2014 Bonds allow Wesleyan Homes to continue its organizational growth and solidify its position as the leading provider of senior living services in its market area...

Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $53,080,000 non rated, fixed-rate Series 2014 Bond issue for Wesleyan Homes, Inc. (Wesleyan Homes). Wesleyan Homes is a Texas not-for-profit corporation that was organized in 1955 to provide sheltered care for aged persons and to use its funds, property and assets to relieve, aid, and administer in any way to the relief of persons when in want or by reason of old age who are unable to provide for themselves.

Wesleyan Homes owns and operates the following facilities in Georgetown, TX which is approximately 28 miles from Austin: (i) The Wesleyan at Estrella Independent Living, a 124-apartment independent living apartment building providing housekeeping, dietary, activity and related services that operate on a monthly rental fee basis; (ii) The Wesleyan at Estrella Assisted Living, a 60 unit assisted living facility consisting of 40 assisted living apartments and 20 memory care rooms that operate on a monthly rental fee basis; and (iii) The Wesleyan at Scenic, a 184-bed licensed skilled nursing facility providing nursing care and other related services. Wesleyan Homes also operates Wesleyan Hospice, a hospice service providing end of life care for patients within its facilities.

The Series 2014 Bonds will be used primarily to (i) finance the construction and development of 117 independent living apartments, six independent living duplexes and 22 assisted living apartments; (ii) refund the Series 2009 Bonds; (iii) fund capitalized interest over 21 months; (iv) fund a debt service reserve fund; and (v) pay for associated costs of issuance.

Brandon Powell, Director in Ziegler’s senior living practice, commented “We were pleased to work with the Management and Board of Wesleyan Homes as the Series 2014 Bonds allow Wesleyan Homes to continue its organizational growth and solidify its position as the leading provider of senior living services in its market area. We see this financing as the first step in a multi-year relationship in assisting Wesleyan Homes meet its strategic and financing objectives.”

Ziegler is one of the nation's leading underwriters of financing for not-for-profit senior living providers. Ziegler offers creative, tailored solutions to its senior living clientele, including investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.

For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

For more information about Ziegler, please visit us at http://www.Ziegler.com.

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, as well as general and structured municipal finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. 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. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. 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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Leslie Weir
Ziegler
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