CITY OF GAITHERSBURG (MARYLAND)
Economic Development Project and Refunding Revenue Bonds
(Asbury Maryland Obligated Group)
HJ Sims is pleased to serve as underwriter for the upcoming issue of these tax-exempt economic development project and refunding revenue bonds for the Asbury Maryland Obligated Group (the “Obligated Group”), which consists of the Maryland Facilities of Asbury Atlantic, Inc (“Asbury Atlantic”). The sole member of Asbury Atlantic is Asbury Communities, Inc. (“AComm”), which was incorporated in 1994 for the purpose of providing executive and comprehensive administration functions, as well as policy development and overall planning guidance to its supported organizations. The Maryland Facilities consist of Asbury Methodist Village, a continuing care retirement community located on approximately 130 acres in Gaithersburg, Montgomery County, Maryland, and home to approximately 1,300 total residents and Asbury Solomons Island, a continuing care retirement community located on approximately 58 acres in Solomons, Calvert County, Maryland, providing several levels of care for approximately 470 residents.
About the Bonds
Use of Proceeds
Key Financial Covenants
Other Indebtedness (Parity with Series 2018A Bonds)
We are currently accepting indications of interest for these tax-exempt refunding revenue bonds with an expected pricing week of September 10, 2018 and anticipated settlement week of October 1, 2018. For more information including risks, please read the Preliminary Official Statement in its entirety. If you have interest in purchasing these Series 2018A bonds from this new issue, please contact your HJ Sims financial advisor as soon as possible or call 877.577.3365.
*Subject to changeNo dealer, broker, salesperson, or other person has been authorized to give any information or to make any representation other than those contained in the Preliminary Official Statement, and, if given or made, such other information or representation should not be relied upon as having been authorized by the Issuer, the Borrower, or the Underwriters. The information set forth herein has been obtained from the Issuer, Borrower, and other sources that are believed to be reliable, but is not guaranteed as to accuracy or completeness by, and is not construed as a representation of, the Underwriters. The information contained herein is subject to change without notice. Under no circumstances shall this constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering or solicitation will be made only to investors pursuant to the Preliminary Official Statement, which should be read in its entirety. Investments involve risk including the possible loss of principal. HJ Sims is a member of FINRA and SIPC and is not affiliated with Legacy at Asbury Maryland.