Capital Financing Programs for Non-Profits
Zions underwrote two tax-exempt bond issues totaling $35 million for the Agassi Foundation to finance the construction of Agassi Prep, a K-12 Charter/Preparatory School. Organized in 1994 by former professional tennis player Andre Agassi, the Foundation provides quality education and enrichment opportunities to underserved youth.
Zions underwrote a $5.5 million tax-exempt bond issue for Exploration Summer Programs to finance the acquisition of and renovations to the historic Norwood Press building. This building serves as Exploration’s headquarters, and is the first permanent home for the educational organization since its inception in 1977.
Zions underwrote a $5.9 million tax-exempt and taxable bond issue for Huston-Tillotson University to refinance existing debt and provide new funds for campus improvements. The University is a four-year liberal arts HBCU established in 1952 upon the merger of two older colleges, Samuel Huston College and Tillotson College.
Zions underwrote a $26 million tax-exempt bond issue for the ICA to finance the construction and acquisition of its new permanent home on the Boston waterfront. The Museum’s award winning design accommodates gallery space, a performing arts theatre, education center, museum store and café.
Zions underwrote a $7 million taxable note issue for the Intrepid Museum to finance working capital needs during the comprehensive renovation of its WWII aircraft carrier, the USS Intrepid. The Museum is docked in the Hudson River on the west side of Manhattan.
Zions underwrote a $74 million tax-exempt and taxable bond issue for Keep Memory Alive (KMA) to finance the construction of its Alzheimer’s, Parkinson’s and Huntington’s research institute, designed by the famous architect, Frank Gehry. KMA’s efforts and building support the research activities of the Lou Ruvo Brain Institute, which commenced its partnership with the Cleveland Clinic in 2009.
Zions underwrote a $5 million tax-exempt bond issue for the acquisition and relocation of NHPR to its new headquarters. NHPR provides public radio news and information for New Hampshire.
Through a $23 million tax-exempt private placement, Zions arranged for The Rashi School to finance the acquisition of 17 acres of property along the Charles River in Dedham, MA for the construction of an 82,000 square-foot, state-of-the-art, K-8 Reform Jewish Day School.
Through three tax-exempt private placement transactions totaling $50 million, Zions assisted the Sierra Canyon High School Foundation to acquire the existing for-profit lower school (grades K-8) and construct nearby a state-of-the-art high school facility.
Zions underwrote a $16 million tax-exempt and taxable bond issue for Uintah Basin Medical Center to construct a Long Term Care Facility and a Medical Office Building adjacent to its existing 42-bed Medical Center located in rural Utah.
Copyright© 2015 Zions Bancorporation