Bond proceeds from the sale of bonds will be used to fund all or a portion of the costs of renovating and equipping the University’s largest student housing complex called the Village Apartments.  Additionally, proceeds may be directed to other capital projects on the University’s campus such as the renovating and equipping of other student residence halls, construction of a health and wellness center and construction of an outdoor track and field facility.

LiveWell Alliance, Inc. (formerly known as the Alzheimer’s Resource Center of Connecticut), located in Plantsville, CT, is dedicated to the field of dementia care and services.  LiveWell issued a non-rated public offering to finance renovations and improvements to its existing community, construct 32 memory care assisted living units, and to refinance its existing 2015 Series A bond issue.

The financing was structured as draw-down bonds, with an initial advance of $17.8 million of the total aggregate amount of $81.6 million.  The draws are expected to occur over the next two years with Hamlin Capital Management purchasing the entire issue.