Ziegler announces deal for Friendship Village of Dublin

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Ziegler has announced the successful closing of a $23.31 million bond issue for Friendship Village of Dublin (Ohio).

The not-for-profit corporation has a 366-unit continuing care retirement community on a 23-acre campus, which includes assisted living apartments and a 60-bed skilled nursing facility.

Proceeds of the Series 2014 Bonds will be used to refund the outstanding Series 2004B VRDBs ($17.46 million), reimburse costs of the construction of 12 Villas in the last two years, fund future capital expenditures and pay a portion of issuance costs in connection with the Series 2014 Bonds.

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