HJ Sims Refinances $160.3M in Bonds for Presbyterian Retirement Communities

Westminster Communities of Florida operates Westminster Shores in St. Petersburg, Fla. Westminster Communities of Florida operates Westminster Shores in St. Petersburg, Fla.

ORLANDO, Fla. — HJ Sims, a Connecticut-based investment bank, has refinanced $160.3 million in bonds for Presbyterian Retirement Communities, which operates the Orlando-based Westminster Communities of Florida portfolio of continuing care retirement communities and affordable seniors housing.

The new bonds will fund up to $45 million in capital projects and save the borrower $34.8 million in payments.

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