Pennybyrn Maryfield receives financing
Ziegler has closed a $66 million bond issue for Pennybyrn at Maryfield, a North Carolina nonprofit corporation.
It was incorporated by Congregation of the Poor Servants of the Mother of God, an order of the Roman Catholic Church. It owns and operates a CCRC that includes 125 skilled nursing beds. The bond will be used to re-fund outstanding bonds and fund a debt service reserve fund.