Covenant Retirement Communities receives $135M

Covenant Retirement Communities (CRC) will be receiving two loans from Ziegler totalling $135 million.

The financings include $112.8 million of Series 2015A fixed-rate refunding bonds and $22.3 million in 2015B variable rate refunding bonds sold directly to a bank.

CRC in an Illinois not-for-profit corporation that owns and operates continuing care retirement communities. There are several locations throughout the U.S., with 14 communities in eight states.

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