49
SEATTLE — Ziegler, a specialty investment bank, has priced $130.3 million in fixed-rate bonds for Presbyterian Retirement Communities Northwest (PRCN), a nonprofit operator of three continuing care retirement communities (CCRCs) in Seattle.
The bonds, which are expected to close in October, will refinance $98.9 million in existing bonds.
The remaining funds will be used for renovations at Park Shore and Fred Lind Manor, two of the company’s CCRCs.