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Transaction Announcement: Presbyterian Homes


The Debt Capital Markets Department
is pleased to announce the closing of the following transaction:

$60,400,000



The Presbyterian Homes Lake Forest Place Project
Illinois Finance Authority
Standby Bond Purchase Agreement


May 27, 2010 - William Blair & Company served as Financial Advisor to Presbyterian Homes on the recent replacement of their Standby Bond Purchase Agreement which is used to provide liquidity support for the Series 1996A Bonds. William Blair assisted the Corporation and the Board in analyzing several different financing alternatives and structures to provide credit and/or liquidity support for the 1996A bonds, and ultimately determined that a replacement liquidity facility would be the most cost effective and efficient alternative available to Presbyterian Homes.

Presbyterian Homes is an Illinois not-for-profit corporation founded in 1904 by the Chicago Presbytery and is one of the oldest providers of residential and health care programs for older adults in Illinois. It is headquartered in Evanston and currently serves over 1,700 older adults through its nine facilities and various programs in the Chicago metropolitan area. Presbyterian Homes has three primary campuses in Lake Forest, Evanston and Arlington Heights and has a national reputation for creating extraordinary communities for older adults for over 100 years.

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Media Relations Contact:
Tony Zimmer, 312-364-8611

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