Issue Closed – PSCH, Inc.

GATES Capital Corporation is pleased to announce that it has successfully closed a $45,900,000 financing for PSCH, Inc. (“PSCH”). The financing incorporated tax-exempt and taxable bonds issued through the (i) Dormitory Authority of the State of New York Corporation, and a taxable bond issued on behalf of PSCH, Inc. The financing generating approximately $5,800,000 in cash flow savings and funded capital improvements for 14 projects.

About PSCH, Inc.:

Formerly Professional Service Center of the Handicapped, Inc., PSCH was founded in 1980 and began developing and operating community residential facilities for individuals diagnosed with developmental disabilities in Queens and Brooklyn. Today, PSCH has expanded to offer a wide range of residential, day treatment, therapeutic and rehabilitation services including intensive case management and community outreach programs. PSCH serves more than 4,500 individuals in over 100 locations throughout the Metropolitan area. They a leading provider of residential, rehabilitative and clinical programs for the developmentally disabled and psychiatrically disabled in New York City, Westchester, Nassau, and Suffolk County. PSCH, Inc. is not-for-profit organization, exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and comparable New York State Law.

Connect with GATES:

For more information about GATES and the Alliance Composite Bond Program, 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