GATES Capital Corporation is pleased to announce that it has successfully closed a $14,986,000 issue for the benefit of the United Cerebral Palsy Association of Greater Suffolk, Inc. (“UCP Suffolk”). The proceeds of the financing were utilized to currently refund an outstanding bond issue. The refunding bonds were issued through the Town of Islip Economic Development Corporation and generated significant cash flow savings to the UCP Suffolk.
About UCP Suffolk:
UCP Suffolk is a not-for-profit service organization, which has a rich 60 year history of understanding and meeting the needs of individuals with disabilities. At UCP Suffolk, a team of skilled, dedicated professionals are committed to ensuring that a wide of quality programs and services are available to all individuals. UCP Suffolk, headquartered in Central Islip, New York, has locations for programs and services throughout Suffolk County including; three primary campuses, one day program satellite site, a new Health Center which opened in 2008 satellite clinics and 30 community-based residences. The dynamic services UCP Suffolk offers helps the organization to continue in its mission to advance the independence, productivity and full citizenship of persons with cerebral palsy and other disabilities throughout Long Island.
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