**This financing has been successfully closed. Please contact you advisor for any potential secondary market opportunities.**
$15,085,000*
Residential Care Facilities for the Elderly Authority of Coweta County
Revenue Bonds
Wesley Woods of Newnan – Peachtree City, Inc. Project
Series 2021 Revenue Bonds*
HJ Sims is pleased to serve as sole underwriter for Wesley Woods of Newnan–Peachtree City, Inc., a life plan community located in the Newnan area of Coweta County of Georgia, and managed by Wesley Woods Senior Living, Inc. The Community currently consists of a total of 168 units:  84 independent living apartments, 16 independent living cottages, 8 memory care apartments, 37 assisted living apartments and 23 skilled nursing suites. All healthcare at this community is 100% private pay. Wesley Woods of Newnan is the only life plan community in the market area.
About the Bonds
- Series 2021A
- Estimated par amount: $15,085,000*
- Credit Rating: BB+ (Fitch – Stable Outlook)
- Revenue Bonds
- Bonds are exempt from Federal Income Tax
- Bonds are exempt from State of Georgia Income Tax
- Minimum denominations of $5,000
- Interest will be payable on September 1 and March 1 of each year, commencing March 1, 2022
- First principal payment: March 1, 2023
Use of Bond Proceeds
Project
- Refunding the Series 2016A Bonds
- Financing capital expenditures
- Funding a debt service reserve fund
- Funding costs of issuance
Security
- Mortgage
- Gross revenue pledge
- Debt service reserve fund
 Key Financial Covenants
- 1.20x Debt Service Coverage Ratio, tested annually
- 120 Days Cash on Hand/Liquidity Covenant; tested semi-annually
We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of November 8, 2021, and anticipated settlement during the week of December 2, 2021. For more information including risks, please read the Preliminary Official Statement in its entirety. If you have interest in purchasing these bonds, please contact your HJ Sims financial professional as soon as possible.
*Subject to change
No 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 Wesley Woods of Newnan – Peachtree City, Inc.