NEW YORK, Nov. 16, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed trustee, registrar and paying agent for $50.69 million in revenue bonds on behalf of the
Querencia at Barton Creek retirement center in Austin, Texas. Querencia at Barton Creek
is operated by Senior Quality Lifestyles Corporation (SQLC), a
nonprofit organization operating six continuing care retirement
communities in Texas and
Indiana.
This transaction will fund renovation and expansion of common
areas, including the spa, casual dining and theater, and the
redemption of prior debt. BNY Mellon has acted as trustee for all
33 series of bond financings totaling $1.14
billion relating to the senior living communities supported
by SQLC.
"BNY Mellon's strong financial strength and client service have
been important factors in the success of these financings for
senior living communities," said Charles B. Brewer CEO of SQLC.
"SQLC continues to meet the challenges of obtaining financing to
develop communities for the expanding population of aging
Americans," said Antonio Portuondo,
head of BNY Mellon Corporate Trust's public and not-for-profit
business. "We are committed to representing the interests of
issuers, obligors and investors, which enhances the ability of our
clients to access a broad range of investors."
BNY Mellon is a leading provider of corporate trust services to
the debt capital markets, offering customized and market-driven
solutions to investors, bondholders and lenders. As of Sept. 30, 2015, BNY Mellon Corporate Trust served
as trustee and/or paying agent on more than 60,000 debt-related
issues globally. The corporate trust business utilizes its global
footprint and expertise to deliver a full range of issuer and
related investor services including trustee, paying agency,
fiduciary, escrow, and other financial services. The business
administers a wide array of assets and types of programs to
multinational corporations, financial institutions, governments and
their agencies, and the banking, securities, and insurance
industries.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Sept. 30, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.6 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
Contact: Mike
Dunn
+1 732 667
2678
mike.g.dunn@bnymellon.com
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SOURCE BNY Mellon