Issue Closed – Leake and Watts Services, Inc.

GATES Capital Corporation is pleased to announce that it has successfully closed a $21,173,000 financing for Leake and Watts Services, Inc. (“Leake & Watts”). The financing incorporated tax-exempt and taxable bonds issued through the Yonkers Economic Development Corporation, generating significant cash flow savings.

About Leake & Watts:

From its roots caring for orphaned children in the 1830’s, Leake & Watts continues to positively impact the lives of more than 5,000 children, adults and families in the greater New York City metro area each day. Leake & Watts is a not-for-profit agency committed to addressing a myriad of challenges that confront individuals and families dealing with poverty, disabilities, and a lack of access to education and basic services. By providing support today, Leake & Watts creates strong foundations for success tomorrow for children, adults and families.

Connect with GATES:

For more information about GATES and how we may be able to assist your organization, please visit our website at www.gatescapital.com or contact the professionals below:

Gregory M. LiCalzi
Executive Vice President
Investment Banking – Public Finance
gregory.licalzi@gatescapital.com

David W. Barr
Executive Vice President
Investment Banking – Public Finance
david.barr@gatescapital.com

Greg LiCalzi, Jr.
Vice President
Investment Banking – Public Finance
greg.licalzijr@gatescapital.com

Thomas Culhane
Analyst
Investment Banking – Public Finance
thomas.culhane@gatescapital.com