Finance

PNC Capital Markets secures $29 million for Presbyterian Homes, Inc.

Published in Health and Medicine Week, March 24th, 2003

PNC Capital Markets, a member of The PNC Financial Services Group, Inc., (PNC) announced the successful sale of two tax-exempt municipal bond issues totaling more than $29 million for Presbyterian Homes, Inc.,

Presbyterian Homes is a not-for-profit owner and operator of long-term healthcare facilities based in Camp Hill, Pennsylvania.

Proceeds from the sale of these bond issues will be used to refinance outstanding revenue bonds and for a variety of capital improvements, such as renovations and additions, at seven facilities located in Pennsylvania.

The PNC Financial Services Group, Inc., is headquartered in Pittsburgh.

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Source: Health and Medicine Week (2003-03-24)

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