After a 2012 restructuring, a not-for-profit senior living provider located in the Midwest was left with substantial subordinated debt (“Hope Notes”) that stifled its ability to execute on its strategic initiatives.
Hamlin Capital Advisors, LLC served as financial advisor on a successful refunding of these Hope Notes at a substantial discount via new senior & subordinated bonds purchased by a new lender. The community was able to escape the onerous restrictions imposed by the Hope Notes, and as its financial profile continues to improve, will allow monies to flow from the community to its parent in support of its 501(c)3 mission.
Restructuring Advisory Services
“Hamlin Capital Advisors provided a unique financing solution that allows our community to thrive and our parent organization to support its Mission into perpetuity.”*
CEO
*Testimonials provided may not be representative of the experience of other clients. Such testimonials are no guarantee of future success or performance.
