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Ziegler Closes $27,500,000 Financing For The Lutheran Homes of South Carolina

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Ziegler Closes ,500,000 Financing For The Lutheran Homes of South Carolina


Ziegler, a specialty funding financial institution, is happy to announce the profitable closing of The Lutheran Houses of South Carolina’s $27,500,000 Collection 2022A and 2022B Bonds.

CHICAGO, Could 20, 2022 /PRNewswire-PRWeb/ — Ziegler, a specialty funding financial institution, is happy to announce the profitable closing of The Lutheran Houses of South Carolina’s $27,500,000 Collection 2022A and 2022B Bonds.

The Lutheran Houses of South Carolina, Inc. (LHSC) is a South Carolina not-for-profit company that at the moment operates 5 life plan communities, three hospice places of work and 4 non-medical in-home providers businesses all through South Carolina. LHSC operates a complete of 1,077 models (409 unbiased dwelling, 308 assisted dwelling and 360 expert nursing) rating because the 83rd largest non-profit senior dwelling operator within the U.S. in accordance with the 2021 LeadingAge Ziegler 200.

The Collection 2022A and 2022B Bonds are being straight bought by First Horizon Financial institution (LHSC current banking companion) with a 12-year dedication, covenants matching the grasp belief indenture and pricing of 82.5% of Time period SOFR plus 1.32%, as outlined additional under:

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  • Collection 2022A Refunding Bond ($11,552,894): refunding of the Collection 2017 Direct Placement Financial institution Bond. The Collection 2022A Bond prolonged the ultimate maturity of the refunded debt to match the 12-year dedication time period (6-year extension), which ends up in almost $1 million of annual money movement financial savings over the following 6-years, which was essential to LHSC popping out of the COVID-19 Pandemic. LHSC entered a hard and fast payor swap for the complete principal stability via maturity at an all-in price of three.663%.

  • Collection 2022B New Cash Bond ($15,947,106): new cash to fund (1) 18 new unbiased dwelling models at Heritage at Lowman, (2) 18 new unbiased dwelling models and a 7,000 sq. foot eating and exercise facility at Rose Crest and (3) curiosity expense throughout development. The Collection 2022B Bond is a draw-down mortgage and LHSC entered right into a 12-month ahead beginning swap that accretes to the complete principal stability at mission conclusion and thru remaining maturity at an all-in price of three.738%.

Tad Melton, Managing Director in Ziegler’s Senior Residing Finance Follow said, “Ziegler was happy to work with The Lutheran Houses of South Carolina as soon as once more. This financing serves many functions, together with refinancing some current debt and in any other case primarily funding expansions on the Lowman Residence and Rose Crest.” Melton added, “Throughout these unsure occasions, the ageing demographics of the US aren’t reversing. LHSC is a forward-thinking group that’s regularly rising its campuses in manners which might be financially accretive and attentive to demand out there.”

Ziegler is the nation’s main underwriter of financings for not-for-profit senior dwelling suppliers. Ziegler presents inventive, tailor-made options to its senior dwelling clientele, together with funding banking, monetary danger administration, merger and acquisition providers, seed capital, FHA/HUD, capital and strategic planning in addition to senior dwelling analysis, schooling, and communication.
For extra details about Ziegler, please go to us at http://www.ziegler.com.

About Ziegler:
Ziegler is a privately held, nationwide boutique funding financial institution, capital markets and proprietary investments agency. It has a novel deal with healthcare, senior dwelling and schooling sectors, in addition to common municipal and structured finance. Headquartered in Chicago with regional and department places of work all through the U.S., Ziegler supplies its shoppers with capital elevating, strategic advisory providers, mounted earnings gross sales, underwriting and buying and selling in addition to Ziegler Credit score, Surveillance and Analytics. To study extra, go to http://www.ziegler.com.

Sure feedback on this information launch characterize forward-looking statements made pursuant to the provisions of the Personal Securities Litigation Reform Act of 1995. This shopper’s expertise will not be consultant of the expertise of different shoppers, neither is it indicative of future efficiency or success. The forward-looking statements are topic to quite a lot of dangers and uncertainties, particularly, the general monetary well being of the securities business, the power of the healthcare sector of the U.S. financial system and the municipal securities market, the flexibility of the Firm to underwrite and distribute securities, the market worth of mutual fund portfolios and separate account portfolios suggested by the Firm, the amount of gross sales by its retail brokers, the result of pending litigation, and the flexibility to draw and retain certified staff.

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Media Contact

Christine McCarty, Ziegler, 3125961617, cmccarty@ziegler.com

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South-Carolina

After going years without an earthquake more tremors have hit this part of South Carolina

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After going years without an earthquake more tremors have hit this part of South Carolina


For the second time in less than a week, an earthquake hit South Carolina.

A 2.1 magnitude earthquake was recorded Sunday morning in McCormick County, according to the U.S. Geological Survey. Not only was it South Carolina’s second confirmed earthquake in a six day span, it also was recorded near the same part of the Palmetto State where the previous quake occurred.

Sunday’s earthquake was confirmed at 2:53 a.m. near Jackson, the South Carolina Emergency Management Division said.

The earthquake happened about half 3.5 miles beneath the surface, according to the USGS.

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This was the 12th confirmed earthquake this year in South Carolina, after 28 quakes were recorded in 2023, according to the state Department of Natural Resources.

The last time seismic activity was recorded in South Carolina was on Aug. 26, when tremors were recorded as a 1.9 magnitude earthquake hit in the Jackson area of Aiken County, state Department of Natural Resources data shows.

This was the first earthquake recorded in McCormick County since May 25, 2019, and it’s only the third time since 2006 that seismic activity has been confirmed there, according to the USGS.

History of earthquakes in SC

It has been uncommon for earthquakes to hit outside of the Midlands area of the Palmetto State, specifically beyond Kershaw County, where 62 earthquakes have been confirmed since the end of June 2022, according to the South Carolina DNR.

That’s also where South Carolina’s most powerful recent earthquakes were recorded on June 29, 2022.

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On that day, two earthquakes — one a 3.5 magnitude and the other 3.6 — were included in a flurry of tremors and aftershocks. Those were the two largest quakes to hit South Carolina in nearly a decade. A 4.1-magnitude quake struck McCormick County in 2014.

Anyone who felt tremors and shaking or heard rumbling from Sunday morning’s earthquake can report it to the USGS.

The South Carolina Emergency Management Division map of fault lines in the Palmetto State where there has been a swarm of earthquakes.

The South Carolina Emergency Management Division map of fault lines in the Palmetto State where there has been a swarm of earthquakes.

The most recent earthquake means at least 116 have been detected in the Palmetto State since the start of 2022, according to South Carolina DNR. All but 13 of the quakes have been in the Midlands.

In all, 108 earthquakes have hit the Columbia area since a 3.3-magnitude quake was recorded Dec. 27, 2021, according to the DNR.

The S.C. Emergency Management Division said Sunday morning’s earthquake was classified as a micro quake, according to the Modified Mercalli Intensity Scale.

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No major damage or injuries have been reported from any of the recent quakes.

Earthquakes that register 2.5 magnitude or less often go unnoticed and are usually recorded only by a seismograph, according to Michigan Technological University. Any quake less than 5.5 magnitude is not likely to cause significant damage, the school said.

It had been typical for South Carolina to have between six and 10 earthquakes a year, the S.C. Geological Survey previously reported. There have been 130 earthquakes in South Carolina since Jan. 18, 2021, according to DNR.

During a 2022 town hall to address the earthquakes, state geologist Scott Howard said as many as 200 smaller tremors might have gone unnoticed and unrecorded.

Why the increase in earthquakes?

An explanation for the outburst has eluded scientists.

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Some experts have theorized there’s a link between the Wateree River and the earthquakes northeast of Columbia. They said the combination of a single moderate earthquake in December 2022 and high water levels in the Wateree River during parts of 2022 and 2023 have contributed to the earthquakes.

But no one has settled on the single cause for the Midlands’ shaking.

Elgin, about 20 miles northeast of Columbia and situated on a fault line, experienced an unusual earthquake “swarm,” leaving some residents feeling uneasy.

The series of quakes might be the longest period of earthquake activity in the state’s history, officials said. But they don’t believe the spate of minor earthquakes is an indicator that a bigger quake could be on the way.

“Though the frequency of these minor earthquakes may alarm some, we do not expect a significantly damaging earthquake in South Carolina at this time, even though we know our state had them decades ago,” South Carolina EMD Director Kim Stenson previously said in a news release.

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“Now is the time to review your insurance policies for earthquake coverage, secure any items in your home that may become hazards during a tremor and remember to drop, cover and hold on until the shaking passes. These are the precautions South Carolinians can take to properly prepare for earthquakes.”

The strongest earthquake ever recorded in South Carolina — and on the East Coast of the United States — was a devastating 7.3 in Charleston in 1886.

That quake killed 60 people and was felt over 2.5 million square miles, from Cuba to New York and Bermuda to the Mississippi River, according to the state EMD.

Reported earthquakes in SC in 2021-24

Date/Location

Magnitude

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Depth (km)

2021

Jan. 18/Dalzell

2.1

6.9

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Feb. 13/Summerville

2.1

5.1

May 12/Heath Springs

1.8

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9.99

May 31/Summit

2.6

1.7

May 31/Summit

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2.0

5.1

July 16/Ladson

2.0

4.0

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July 22/Ladson

1.3

3.5

July 22/Ladson

1.95

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3.97

Aug. 21/Centerville

1.75

1.97

Aug. 21/Centerville

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1.71

3.37

Sept. 27/Summerville

2.8

6.0

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Sept. 27/Summerville

2.0

5.8

Sept. 27/Centerville

3.3

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6.8

Oct. 25/Jenkinsville

2.2

3.8

Oct. 26/Jenkinsville

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1.8

0.0

Oct. 28/Jenkinsville

1.8

1.8

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Oct. 28/Jenkinsville

1.7

0.0

Oct. 28/Jenkinsville

2.1

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4.2

Oct. 31/Jenkinsville

2.3

0.1

Nov. 1/Jenkinsville

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2.0

5.1

Nov. 9/Centerville

1.5

3.8

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Nov. 16/Arial

2.2

5.4

Dec. 20/Ladson

1.1

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2.8

Dec. 27/Lugoff

3.3

3.2

Dec. 27/Lugoff

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2.5

2.4

Dec. 27/Elgin

2.1

0.7

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Dec. 27/Lugoff

1.7

4.9

Dec. 29/Elgin

2.3

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1.6

Dec. 30/Elgin

2.5

2.5

Dec. 30/Elgin

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2.4

3.8

2022

Jan. 3/Lugoff

2.5

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2.7

Jan. 5/Lugoff

2.6

0.5

Jan. 5/Lugoff

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1.5

7.0

Jan. 9/Ladson

1.4

2.9

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Jan. 11/Elgin

1.7

5.4

Jan. 11/Lugoff

2.0

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3.2

Jan. 11/Elgin

1.3

5.0

Jan. 15/Elgin

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1.8

3.5

Jan. 19/Elgin

1.9

5.0

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Jan. 21/Elgin

1.9

4.8

Jan. 27/Lugoff

2.1

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1.0

Feb. 2/Elgin

1.5

3.9

March 4/Elgin

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1.8

2.8

March 9/Elgin

2.2

3.6

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March 11/Camden

2.1

1.2

March 27/Lugoff

2.1

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1.9

March 28/Centerville

0.9

2.9

April 7/Elgin

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2.0

2.9

April 8/Centerville

1.6

3.6

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April 22/Ladson

1.1

3.5

April 22/Taylors

2.2

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2.3

May 9/Elgin

3.3

3.1

May 9/Elgin

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1.6

2.9

May 9/Elgin

1.78

4.1

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May 9/Elgin

2.1

3.7

May 9/Elgin

2.9

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5.6

May 10/Elgin

2.3

3.9

May 10/Elgin

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2.8

6.2

May 19/Elgin

1.8

2.5

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May 21/Elgin

1.9

5.6

June 26/Elgin

1.88

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4.09

June 29/Elgin

3.5

2.64

June 29/Elgin

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1.88

2.92

June 29/Elgin

3.6

2.95

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June 29/Elgin

1.79

2.07

June 29/Elgin

1.51

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3.72

June 29/Elgin

1.46

1.93

June 29/Elgin

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2.06

2.22

June 30/Elgin

2.32

3.09

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June 30/Elgin

1.44

2.8

June 30/Elgin

2.03

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3.11

June 30/Elgin

2.15

2.56

June 30/Elgin

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2.06

1.92

June 30/Elgin

1.49

2.46

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July 1/Elgin

1.55

3.37

July 1/Elgin

2.11

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3.83

July 1/Elgin

1.26

3.3

July 1/Elgin

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1.68

4.02

July 2/Elgin

2.09

1.65

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July 3/Elgin

1.9

2.1

July 3/Lugoff

1.6

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3.2

July 3/Elgin

1.4

1.96

July 3/Elgin

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1.1

5.0

July 7/Elgin

2.1

4.0

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July 8/Elgin

1.6

2.5

July 8/Elgin

1.4

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3.8

July 14/Elgin

1.3

2.5

July 15/Elgin

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1.6

3.3

July 18/Elgin

1.2

3.2

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July 19/Elgin

2.2

1.8

July 19/Elgin

2.1

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3.2

July 24/Lugoff

2.3

2.4

July 25/Lugoff

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2.1

2.2

July 30/Elgin

1.8

3.6

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July 31/Elgin

1.7

1.6

Aug. 3/Elgin

1.8

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3.0

Aug. 9/Boykin

1.6

6.9

Aug. 15/Elgin

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1.5

3.6

Aug. 18/Homeland Park

2.1

0.03

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Aug. 27/Elgin

1.3

2.4

Sept. 1/Centerville

1.5

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0.7

Sept. 21/Elgin

1.9

3.2

Sept. 22/Lugoff

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1.4

1.5

Oct. 14/Elgin

1.3

4.2

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Oct. 30/Elgin

2.5

0.02

Nov. 24/Elgin

2.0

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3.5

Dec. 9/Elgin

1.7

2.4

2023

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Jan. 10/Hopkins

1.9

6.0

Jan. 18/Centerville

1.4

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8.8

Jan. 20/Lugoff

1.8

4.5

Feb. 17/Cayce

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1.9

5.0

Feb. 17/Elgin

2.4

2.4

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Feb. 28/Elgin

1.3

2.5

March 27/Winnsboro

1.4

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4.5

April 4/Cross Anchor

1.6

11.5

June 5/Elgin

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1.72

3.6

June 20/Elgin

2.0

3.4

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July 24/Ladson

2.5

6.4

Aug. 3/Six Mile

1.9

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5.6

Aug. 5/Summerville

1.72

4.83

Oct. 6/Kershaw County

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2.2

2.9

Oct. 9/Elgin

1.68

4.67

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Nov. 17/Jenkinsville

1.8

3.4

Nov. 19/Jenkinsville

1.7

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11.6

Nov. 21/Jenkinsville

1.6

5.4

Nov. 26/Jenkinsville

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2.2

4.0

Nov. 26/Jenkinsville

2.09

6.34

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Nov. 27/Jenkinsville

1.86

5.67

Nov. 29/Jenkinsville

2.0

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4.6

Nov. 29/Jenkinsville

2.01

1.8

Nov. 30/Jenkinsville

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2.41

2.87

Dec. 13/Jenkinsville

1.6

6.41

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Dec. 22/Lugoff

2.2

2.4

Dec. 28/Jenkinsville

1.8

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1.6

Dec. 30/Elgin

2.1

4.4

2024

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Jan. 8/Elgin

2.1

3.2

Feb. 6/Lugoff

1.7

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1.7

March 9/Elgin

2.83

2.86

March 9/Elgin

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1.3

1.5

March 17/Elgin

1.9

2.9

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March 24/Elgin

2.1

4.9

March 27/Elgin

2.2

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6

April 6/Jenkinsville

1.2

5.1

June 11/Lesslie

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2.2

2.8

Aug. 9/Elgin

2.3

3.9

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Aug. 26/Jackson

1.9

0.7

Sept. 1/Parksville

2.1

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5.6





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Why South Carolina football coach Shane Beamer told freshmen ‘we are past that excuse’

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Why South Carolina football coach Shane Beamer told freshmen ‘we are past that excuse’


COLUMBIA — South Carolina football won Saturday’s season opener against Old Dominion 23-19 at Williams-Brice Stadium, but it was far from a perfect game for the Gamecocks.

Coach Shane Beamer made it clear in his opening statement after the game that South Carolina will celebrate the win, but thought almost all three levels of play were full of mistakes.

“Unacceptable from us in the way we performed, starting with me,” Beamer said. “Winning is hard … sloppy without a doubt, on all three phases, lots to clean up … did some good, did some bad, so we have to coach better without a doubt.”

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South Carolina was led by redshirt freshman LaNorris Sellers at quarterback, and had true freshman on both sides of the field. Dylan Stewart, Josiah Thompson, Mazeo Bennett, and Michael Smith all played their first college game.

“We aren’t the only the school in the country playing true freshman and we have to put them in position to make plays.” Beamer said. “I told those guys coming out of half, you ain’t a freshman anymore, you played a half of SEC football, we are past that excuse.”

What Beamer did draw attention to was the Gamecocks’ self-inflicted errors, like dropped passes and penalties. The Gamecocks were called for two penalties that eliminated scoring chances, and only completed 10 passes for 114 yards. Sellers fumbled on a drive in the first quarter, and knocked over his own player while trying to block for running back Juju McDowell.

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“Let’s not beat ourselves, I thought we had too much of that tonight,” Beamer said. “It start’s with us as coaches and we will do a better job of getting that cleaned up.”

Lulu Kesin covers South Carolina athletics for The Greenville News and the USA TODAY Network. Email her at lkesin@gannett.com and follow her on X, formerly known as Twitter, @Lulukesin



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Gameday Guide: South Carolina vs. Old Dominion

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Gameday Guide: South Carolina vs. Old Dominion


The South Carolina Gamecocks open the 2024 season by hosting Old Dominion on Saturday, Aug. 31.

GamecockCentral’s Gameday Guide features game info, TV, odds, notes, and more below!

Old Dominion (0-0, 0-0 Sun Belt) @ South Carolina (0-0, 0-0 SEC)

When: Aug. 31, 2024 – 4:15 ET
Where: Columbia, S.C. – Williams-Brice Stadium (77,559)
Broadcast: SEC Network (Dave Neal, Aaron Murray, Ashley ShahAmadi)
Local Radio: Gamecock Sports Network (Todd Ellis, Tommy Suggs, Chet Tucker)
Satellite Radio: Sirius/XM Channel 106 or 190
Odds: South Carolina -21
Weather: 92°, Sunny

ALSO SEE: South Carolina football recruiting visitors for the Old Dominion game

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Other resources from Gamecock Central: News | App | YouTube | Schedule | Future Opponents | Scholarship Breakdown | Roster | Depth Chart | Commit List

South Carolina vs. Old Dominion Preview Content

How to watch today’s game

As South Carolina kicks off the 2024 season Saturday against Old Dominion, SEC Network will carry all the action from the 4:15 p.m. kickoff at Williams-Brice Stadium.

The SEC Network is available nationwide from every major cable, satellite, and streaming provider.

GC LIVE: Gamecocks vs. Old Dominion Preview

Watch on YouTube | Apple Podcasts | Spotify | RSS feed

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Quick notes from South Carolina Athletics

QUICKLY: The South Carolina Gamecocks begin the fourth year of the Shane Beamer Era in non-conference fashion when they host the Old Dominion Monarchs out of the Sun Belt Conference at Williams- Brice Stadium (77,559) in Columbia, S.C. on Saturday, Aug. 31. Game time has been set for 4:15 pm ET.

OVER THE AIRWAVES: The 2024 season opener will be televised on the SEC Network. Long-time SEC play-by-play voice Dave Neal will call the action, with former Georgia quarterback Aaron Murray providing the color commentary. Ashley ShahAmadi will patrol the sidelines. The Gamecock Sports Radio Network features a pair of Gamecock great quarterbacks in Todd Ellis (33rd season) and Tommy Suggs (52nd season) in the booth. Chet Tucker returns for his second season as the network’s sideline reporter.

A LITTLE HISTORY: 2024 marks year four of the Shane Beamer Era and the 131st season of intercollegiate football at the University of South Carolina, dating back to 1892. It is the 118th-consecutive year in which South Carolina has competed on the gridiron. The University did not field a team in either 1893 or 1906. Carolina owns an all-time record of 634-613-44, a .508 winning percentage. Since the start of the 21st century, the Gamecocks have posted a 168-131 record, a .562 winning clip. In three seasons under Coach Beamer, the Gamecocks are 20-18, a .526 winning percentage.

[Win two tickets to the South Carolina-LSU football game]

OPENING REMARKS: Through 130 years of intercollegiate football, the Gamecocks have compiled an 86- 40-4 record in season openers, a winning percentage of .677. In the 97 seasons in which the Gamecocks have opened at home, the record is a very impressive 73-20-4, which translates into a .773 winning mark. In 28 seasons in which the Gamecocks have opened on the road, they are 10-18 for a .357 winning pct. South Carolina opened the 2011, 2015, 2017, 2019, and 2023 seasons at a neutral site, posting a 3-2 record in those five contests. Carolina has won all three of its home openers under Coach Beamer.

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IT JUST MEANS MORE: The 2024 season will mark South Carolina’s 33rd year in the Southeastern Conference. South Carolina and Arkansas joined the SEC prior to the 1992 campaign. The Gamecocks earned the SEC Eastern Division title in the 2010 season. The Gamecocks are 109-148-1 (.424) all-time in SEC regular season play but posted a 42-38 (.525) record in conference action from 2010-19. Under Coach Beamer, the Gamecocks are 10-14 in SEC play, a .417 winning percentage.

YOU’RE SIXTEEN: The Southeastern Conference will take on a new look in 2024 with the addition of blue blood programs in Texas and Oklahoma. The Gamecocks will not face the Longhorns in 2024 but will travel to Norman for their first encounter with the Sooners on Oct. 19. With the additions of the two schools, the league will no longer be divided into two divisions, but rather just one 16-team conference with the top two finishers advancing to Atlanta for the SEC Championship game on Dec. 7.

TOUGH SLATE: South Carolina has one of the nation’s toughest schedules in 2024, as seven of its 12 regular-season opponents are ranked in the nation’s preseason top 20. The Gamecocks’ 2024 slate includes contests against Alabama (5/5), Ole Miss (6/6), Missouri (11/11), LSU (13/12), Clemson (14/14), Oklahoma (16/16), and Texas A&M (20/20).

Other resources from Gamecock Central: News | App | YouTube | Schedule | Future Opponents | Scholarship Breakdown | Roster | Depth Chart | Commit List



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