GATES Capital Corporation is pleased to announce that it has successfully closed a $2,120,000 issue for the benefit of the The Society of St. Vincent de Paul in the Diocese of Rockville Centre, Inc. (“St. Vincent de Paul”). The proceeds of the financing were utilized to currently refund an outstanding bond issue. The refunding was financed through a Line of Credit which allowed St. Vincent de Paul to move forward with plans of selling the real estate tied to the outstanding bond.
About St. Vincent de Paul:
St. Vincent de Paul is an international organization of laymen and women who seek in a spirit of justice and charity to help the poor, the needy and the disadvantaged through practical works of charity. As an organization, the Society is an advocate on behalf of the poor. Although affiliated with the Catholic Church, the Society helps all people regardless of their race, religion, or background. St. Vincent de Paul is structured in a way that regional Councils, supports local Conferences, in their effort to serve the needy in their local communities. The organization is headquartered in Bethpage, New York where they provide support services, financial aid, and technical assistance to the Councils. These extensive and varied programs are reflective of St. Vincent de Paul’s compelling mission to create a dynamic, caring community that helps families, youth, the elderly and the disabled at all economic levels.
For more information, please do not hesitate to contact the following:
Gregory M. LiCalzi, Executive Vice President
David W. Barr, Executive Vice President
Greg LiCalzi, Jr., Vice President
Thomas Culhane, Analyst