I/DD Provider Organization Elwyn Secures $45 Million Refinancing Package

Elwyn, which provides services for people with intellectual/developmental disability (I/DD), recently secured a $45 million refinancing package with the help of HJ Sims, a privately held investment bank and wealth management firm. The package includes a $30 million line of credit and letters of credit for up to $15 million. $30 million line of credit and letters of credit for up to $15 million. The facility is secured by a pledge of gross revenues and a mortgage on Elwyn’s main campus on parity with Elwyn’s $56 million of outstanding tax-exempt bonds and tax-exempt/taxable . . .