Public Finance Authority

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PFA Closes $50 MM Financing for the YMCA of Greater Charlotte

The Public Finance Authority (PFA) has provided $50 million to refinance and finance 501(c)(3) nonprofit revenue bonds for the YMCA of Greater Charlotte (the “Borrower” or “YMCA”). The Borrower will use the bond proceeds to construct, equip and improve certain community centers of the YMCA. There are 19 community centers in the Charlotte region, serving nearly 300,000 men, women and children regardless of age, income, or background.

The Borrower is a North Carolina not-for-profit entity organized exclusively to offer programs and services to the community which will strengthen the overall well-being of individuals and families. This includes cardiovascular and strength fitness centers, group exercise, youth sports, day camp, resident camp, after-school care, adaptive sports for individuals with special needs, literacy programs, nutrition counseling, swim lessons and adult sports. The Borrower also employs social workers, family advocates and registered nurses who provide support to families in need.

PFA partnered with Parker Poe Adams & Bernstein, LLP and BB&T Capital Markets to provide financing to the YMCA of Greater Charlotte. The bonds financed will provide numerous public benefits to all within the community.