The financing allowed Noble to take advantage of favorable market conditions in order to achieve significant savings on the refinancing, money that can be used in the future for classroom resources rather than debt service.
Chicago, IL (PRWEB) May 04, 2015
Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $19,810,000 fixed-rate bond issue for the Noble Network of Charter Schools (Noble), Ziegler’s second financing with Noble.
The Noble Network of Charter Schools has grown immensely since opening its first school in 1999. Noble has surpassed 10,000 students at its 16 high schools throughout Chicago. Now the largest network of charter schools in Chicago, Noble is also academically successful as the home to eight of the top 10 open enrollment public high schools in Chicago, according to ACT scores recently released by Chicago Public Schools. Overall, nearly 15,000 students have been or are currently being served by Noble.
The Series 2015 Bonds were issued by the Illinois Finance Authority and will advance refund bonds issued in 2006 and 2007. The Bonds were rated “BBB” by Standard and Poor’s.
Scott Rolfs, Managing Director and head of Ziegler’s Religion & Education practice, stated, “The financing allowed Noble to take advantage of favorable market conditions in order to achieve significant savings on the refinancing, money that can be used in the future for classroom resources rather than debt service.”
With over 100 years of raising capital for communities, Ziegler is a recognized leader in the educational sector throughout the U.S. We continue that tradition with our dedicated services to the national charter school market. Ziegler provides its charter school clients with capital for financing new construction, refinancing existing debt or advising on future developments. As one of the few financial services firms in the country that has a dedicated team of charter school finance professionals, Ziegler can offer unbiased advice to help advance your mission.
For more information about Ziegler, please visit us at http://www.Ziegler.com.
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held, 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 municipal and structured 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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