Ziegler Closes $19.8 Million Inner City Education Basis Financing – Money Assistance ICEF Public Schools New 21st Century Studying Facility in Los Angeles


Chicago, IL (PRWEB) November 05, 2014

Ziegler, a specialty investment financial institution, is pleased to announce the successful closing of a $ 19,810,000 fixed-rate Series 2014 Bond situation for the 52nd &amp Crenshaw, LLC. The proceeds are currently being utilised to construct a new 57,000 square foot educational facility on a two-acre web site situated in the heart of the Crenshaw Corridor District of South Los Angeles.

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On completion, ICEF Public Schools (ICEF http://www.icefps.org), a not-for-profit Charter Management Organization (CMO) operating 12 public, tuition-free of charge charter colleges, will occupy the facility. ICEF operates kindergarten through 12 grade classrooms in a number of Los Angeles and Inglewood California spots. The new facility is combining 4 current campuses that currently serve ICEFs See Park Preparatory Charter Accelerated Elementary and Middle colleges into the new creating situated blocks away from ICEFs View Park Preparatory Charter Accelerated High School. The new facility is anticipated to open for the 2015-16 Academic 12 months.

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Began as an after-school program in 1994, ICEF Public Schools grew to become the very first CMO in Los Angeles in 1999. Since then it has grown to educate an common 4,200 predominantly African-American and Latino students each year. ICEFs mission is to provide their students with the equipment they want to graduate from high school and to be prepared and compete in the top 100 schools and universities in the United States.

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The Bonds from this problem have been authorized via the California School Finance Authority. To assist in the growth of this facility, the Authority has also provided a Credit Enhancement Grant of roughly $ 1,350,000. The Grant is providing the debt support reserve fund for the undertaking.

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This is ICEFs 2nd fixed-fee bond concern in the last two many years. Ziegler underwrote the first concern in 2013. The very first concern was employed to provide a permanent house for the View Park Large School situated at 57th and Crenshaw Blvd. in South Los Angeles. The two issues were rated BB by Regular and Poors.

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Scott Rolfs, Managing Director and head of Zieglers Religion &amp Education practice, commented, This financing is all about the neighborhood. For years, the students in the See Park schools have carried out their research in a variety of leased spots. Next yr ICEFs students will be studying in a new state-of-the-artwork developing. This wasnt feasible a couple of many years ago. Both the ICEF leadership group and the Ziegler-led financing team have worked diligently by way of many roadblocks to get the bond issue closed. We are all extremely fired up to have achieved this purpose.

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Parker Hudnut, Chief Executive Officer of ICEF Public Schools extra, With partners like Ziegler, Former Mayor and Board Chairman Richard Riordan, City Councilman Bernard Parks, and with great help provided by our dad and mom, teachers, and college students, this new facility is an investment in our youth, in schooling and in the long term of South Los Angeles.

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With more than a hundred years of expertise, Ziegler is a recognized leader in the educational sector throughout the U.S. We carry on that tradition with our dedicated companies to the charter school market nationally. Ziegler provides innovative, tailored fiscal answers that are just proper for your organization. As one of the number of economic solutions companies in the nation that has a focused group of charter college finance experts, Ziegler can provide unbiased tips and a total menu of fiscal remedies to assist you advance your mission.

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For even more info on the framework and use of this concern, please see the Official Statement located on the Electronic Municipal Market place Entry system’s Document Archive.

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For much more info about Ziegler, please pay a visit to us at http://www.Ziegler.com.

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About Ziegler:&#13

The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), collectively with its affiliates (Ziegler), is a specialty investment bank with special knowledge in complex credit structures and advisory solutions. Nationally, Ziegler is ranked as 1 of the top investment banking firms in its specialty sectors of healthcare, senior living, religion, and schooling, as nicely as basic municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices all through the U.S., Ziegler supplies its clients with capital raising, corporate finance, FHA/HUD, strategic advisory solutions and study. Ziegler serves institutional and personal traders by way of its wealth management and capital markets distribution channels.

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Particular feedback in this news release represent forward-searching statements made pursuant to the provisions of the Personal Securities Litigation Reform Act of 1995. This customers experience might not be representative of the knowledge of other clientele, nor is it indicative of long term functionality or accomplishment. The forward-seeking statements are subject to a quantity of dangers and uncertainties, in particular, the total fiscal wellness of the securities industry, the strength of the healthcare sector of the U.S. economic system and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Firm, the volume of sales by its retail brokers, the outcome of pending litigation, and the capacity to entice and retain qualified employees.

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